The elected President of the United States states that the telecommunications group 'Sprint Corp' and the satellite company 'OneWeb' will bring eight thousand job opportunities to America; Donald Trump had promised during his election campaign to prevent job opportunities from fleeing the country. On December 29, he told reporters, 'The heads of [the telecommunications group] Sprint called me and said they are bringing back five thousand job opportunities to America. They are taking these opportunities from other countries [and bringing them back to America].' He added, 'At the same time, [the satellite company] OneWeb, a new company, is bringing back three thousand job opportunities to America. It's very interesting.' The Japanese-multinational company 'SoftBank' owns over 80% of 'Sprint's' shares. This Japanese business giant has also promised to invest one billion dollars in 'OneWeb.' Masayoshi Son, the Japanese billionaire who is the head of SoftBank, had previously announced new investments that would create 50,000 new job opportunities. Reuters reports that it is unclear whether the statements of the elected President of the United States are related to this investment and the new job opportunities or not. Reuters states that 'Sprint Corp' has currently refrained from providing clarification on this matter. Trump had previously stated that SoftBank is set to make a new investment of 50 billion dollars in the U.S., which would lead to the creation of 50,000 jobs. According to the Wall Street Journal, this investment is part of a 100 billion dollar fund that Masayoshi Son has created with the 'Saudi Arabian Public Investment Fund' and some other potential partners. Trump had mentioned the SoftBank investment earlier in December after meeting with the head of this company. SoftBank also holds shares in major companies in Asia, including China's large e-commerce company, 'Alibaba Group.' At that time, the elected President of the United States quoted Masayoshi Son as saying that if he had not won the election, SoftBank would not have made this investment. One of the main focuses of Donald Trump's election campaign was to prevent job opportunities from fleeing the United States. He had criticized some companies and major economic, commercial, and technology giants in this regard. Trump will take over the leadership of the U.S. government on January 20.
Trump says two major companies will create eight thousand jobs in the U.S.
Donald Trump announced that Sprint Corp and OneWeb will bring back a total of eight thousand jobs to the U.S. as part of his commitment to prevent job outsourcing. This development is linked to SoftBank's investments, which could significantly impact the U.S. job market.
👥 Key Players
📰 What Happened
Donald Trump announced that Sprint Corp and OneWeb will create a total of eight thousand jobs in the U.S., aligning with his campaign promise to bring jobs back to America. This announcement is linked to SoftBank's investments in these companies.
- Sprint will bring back 5,000 jobs, while OneWeb will contribute 3,000 jobs.
- SoftBank, which owns a majority of Sprint, has also promised significant investments in the U.S.
💡 Why It Matters
📚 Background
Trump's election campaign focused heavily on preventing job outsourcing and revitalizing American manufacturing and technology sectors.
🏷️ Entities Mentioned
Translated from the original and edited for English readers. View original source →
Translation confidence: 85%