Softbank G US mobile terminal sales company "Brightstar" to sell shares September 18, 17:44
SoftBank Group announced that it will sell all shares of the American mobile terminal sales company that it acquired six years ago, reiterating that SoftBank Group is shifting its focus from the telecommunications business to the investment business.
Six years ago, in 2014, the SoftBank Group acquired the parent company of the American mobile terminal sales company "Brightstar," with an investment of 1.7 billion dollars, or about 180 billion yen.
According to the announcement, SoftBank Group has agreed with an American investment fund to sell all of Brightstar's shares.
The sale amount has not been disclosed, but it is expected to be sold during the year and will receive 25% of the shares of the new company that the investment fund will establish in addition to cash.
The SoftBank Group was strengthening its telecommunications business by acquiring Sprint, the then major mobile phone company in the United States, in 2013, the year before the acquisition of Brightstar.
However, after that, Sprint merged with another company and is no longer a subsidiary of the SoftBank Group, and so far it has sold a part of the shares of its telecommunications subsidiary SoftBank.
In addition, on the 14th of this month, the sale of the British semiconductor development company Arm was announced, and this sale of Brightstar reiterates that the SoftBank Group is shifting its focus from the telecommunications business to the investment business. I did.