According to foreign media reports, informed sources said that Japan Softbank Group is considering the sale of US mobile phone distributor Brightstar Corp, which may be worth more than one billion US dollars.
Informed sources said that Softbank has hired investment bank JPMorgan Chase to help study Brightstar's options. One of the sources said that these options include selling Brightstar, or stripping some of the department.
Another source said that Brightstar’s annual revenue exceeds US$10 billion, but its operating costs are high, and its profit margin is low. It is estimated that this year’s uninterested interest, tax, depreciation and amortization (EBITDA) will be only 150 million yuan. Dollars.
According to foreign media, Sun Yat-sen, president of Softbank, has been evaluating the company’s investment portfolio to reduce debt, and its debt reached 15.8 trillion yen ($147 billion) by the end of December.
Earlier this year, Softbank stated that it is considering listing its Japanese mobile phone business, and the proceeds will be used to enhance its balance sheet and promote its growth.
In addition, foreign media also reported this week that informed sources said that Softbank Group used the Alibaba shares as collateral to borrow 8 billion U.S. dollars through margin loans to enhance the company’s financial flexibility.
Softbank acquired 57% of Brightstar's shares in 2013 and the transaction was valued at 2.2 billion U.S. dollars. Softbank has since acquired more shares of the company.