SoftBank Corp. President and CEO Ken Miyauchi rings a bell during a ceremony to mark the company’s debut on the Tokyo Stock Exchange in Tokyo, Japan December 19. SoftBank Group was down 2.7 percent. SoftBank Corp CEO Ken Miyauchi will hold a news conference at 0630 GMT. The IPO was just shy of the world record $25 billion 2014 listing of Chinese e-commerce giant Alibaba Group Holding Ltd, a SoftBank Group portfolio company. SoftBank Corp, which has the most exposure to Huawei among Japanese telecoms firms, plans to replace Huawei-provided 4G network equipment with other suppliers’ hardware, two sources said, in a process likely to be time-consuming and expensive.

Source: Mint December 19, 2018 02:03 UTC