Softbank plans $18bn listing in the telephone arm

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Japanese giant Softbank is planning to list its mobile phone business in Tokyo and abroad, according to the Nikkei newspaper.

The listing on the Tokyo Stock Exchange and possibly in London 2 trillion yen ($18bn; £13.1 bn) is to increase.

Softbank has confirmed in a statement that the share sale was an option, but said that no decision has been made yet.

If it goes ahead, the IPO, one of Japan’s largest stock exchange would be gears.

The Softbank group, allegedly to sell, intends to, about 30% of the outstanding shares of its subsidiary to the investors, whereas a share of around 70%.

The company is considering raising funds from overseas investors, possibly via an IPO in London.

“We are always studying the various capital strategy options,” it said in the statement.

“The listing of Softbank Corp. shares, has been taken to such an option, but no decision to officially go with this course”.

According to the Nikkei, the share of the rival, the Nippon Telegraph and Telephone (NTT) could sell in the year 1987.Investing In growth

Softbank would use the proceeds to invest in growth, as the buy in foreign information-technology companies, said the Nikkei.

The Japanese telecommunications giant is one of the world’s largest technology company and is its founder Japanese entrepreneur Masayoshi Son

Softbank has a number of high-profile tech investments, and has shown an appetite for investment in ride-sharing, support China’s Didi Chuxing and Southeast Asian taxi-hailing app Access, among other companies.

The company is also set to take a big stake in Uber, in the expansion of the farms, the transportation companies around the world.

It acquired Vodafone’s Japanese operations and the U.S. Telecom company Sprint.

In the year 2016, Softbank British technology bought company ARM Holdings for £24 billion ($32bn).