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Headed up by CEO Masayoshi Son , Japanese holding conglomerate SoftBank Group Corp . is one of the most valuable telecommunication companies in the world . Forbes reports that the firm recorded $ 83bn in sales and $ 9bn in profit in 2018 . Meanwhile , its assets were valued at $ 293bn . Softbank is currently the majority owner of American telecom Sprint , but following merger discussions with T-Mobile ’ s parent Deutsche Telekom , the pair have reached an agreement for a Sprint and T-Mobile merger which will see Softbank ’ s ownership fall from over 80 % to around just 27 % of the combined entity . If the deal goes ahead as planned , it is expected to close in the first half of the year . Forbes recorded that the company had a market value of $ 85bn in 2018 . www . softbank . jp / en /

MARCH 2019