INTERNATIONAL – SoftBank Group’s mobile phone services were disrupted in some parts of Japan on Thursday, ahead of an initial public offering (IPO) of its domestic telecoms unit later this month that will potentially raise $21 billion.
Some customers at Japan’s third-largest telco have been unable to make calls or use the internet in the hours following the onset of connection problems.
The network issues, which stemmed from problems at exchanges for high-speed wireless LTE network, are on the way to resolution, a SoftBank spokeswoman told Reuters.
SoftBank has 40 million mobile users.
Shares of the group fell as much as 6 percent after news of the disruption, pressured by a broader market sell-off following the arrest of the global chief financial officer of Huawei Technologies. The two companies have partnered on 5G trials.