Softbank kicks off domestic telco listing

Softbank has unveiled plans for an initial public offering for its Japanese telco business as CEO Masayoshi Son looks to draw a line between investments and telecommunications.
The plan is to have the business listed within a year, and should offer greater clarity and rewards for investors. Such a move will essentially provide breathing room between the telco business and the more entrepreneurial ambitions of Son, as his Softbank Vision Fund continues to invest in businesses such as Uber.
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