SoftBank to Benefit from Sprint T-Mobile Merger if It Goes Ahead; FVE Increased to JPY 12,300

Softbank's Pivot from Telecoms Gains Momentum

Japan TMT Analyst

Pelham Smithers

Market Intel on Asian Tech with a Japan focus

Pelham Smithers Associates

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

Research is provided by the following:
Pelham Smithers: Macro, consumer electronics, telecoms & pharma
Joel Scheiman: Electronics materials / components
Julie Boote: Autos
Will Nestuk: Capital goods, machinery & transportation equipment parts
Thao Nguyen: eCommerce, internet content, marketing & advertising

Equity Bottom-Up

Having sold 25% of ARM to Vision Fund for US$8bil, <a href="https://www.smartkarma.com/entities/315" target="_blank" data-smartkarma-citation="entities:315:1">Softbank (9984 JP)</a> has announced that it is selling 51% of ARM's Chinese business to local interests for US$775mil. The move is eyebrow-raising at a number of different levels:(1) The logic for doing such a deal is that China is a terribly difficult place to do business and it is easier if you make your local entity, locally owned. However, this logic mainly applies when you've got something that China might like but doesn't need. In the case of…

Having sold 25% of ARM to Vision Fund for US$8bil, Softbank (9984 JP) has announced that it is selling 51% of ARM's Chinese business to local interests for US$775mil. The move is eyebrow-raising at a number of different levels:(1) The logic for doing such a deal is that China is a terribly difficult place to do business and it is easier if you make your local entity, locally owned. However, this logic mainly applies when you've got something that China might like but doesn't need. In the case of…

Softbank Group

SoftBank (9984) - DisARMing Behaviour