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SoftBank mulls stake in RJio and Vision Fund IPO; partners with Loon

Japan’s SoftBank continues to expand its reach into all kinds of next generation technology and connectivity via its $100bn Vision Fund, and is now considering an initial public offering for the division, according to reports in the Wall Street Journal. Although the fund has increasingly taken its parent further away from telecoms and into technologies like artificial intelligence and robotics, SoftBank is still interested in extending its MNO model too. It already owns Sprint (though may be on the point of offloading it to T-Mobile USA), and now it is reportedly conducting due diligence on a possible $3bn investment in Reliance Jio, the disruptive Indian new entrant which is now third-placed in that country’s mobile market. This would help RJio’s…

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