Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo  >  SoftBank Group Corp    9984   JP3436100006

SOFTBANK GROUP CORP (9984)
My previous session
Most popular
  Report  
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets

Sprint shares plunge after T-Mobile merger talks called off

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/06/2017 | 06:04pm CEST
The logo of U.S. mobile network operator Sprint Corp is seen at a Sprint store in San Marcos, California

NEW YORK (Reuters) - Sprint Corp's  (>> Sprint Corp) shares fell more than 13 percent on Monday after the No. 4 U.S. wireless carrier called off merger talks with T-Mobile US Inc (>> T-Mobile US) and a wireless partnership with cable company Altice USA (>> Altice USA Inc) failed to appease investors.

NEW YORK (Reuters) - Sprint Corp's  (>> Sprint Corp) shares fell more than 13 percent on Monday after the No. 4 U.S. wireless carrier called off merger talks with T-Mobile US Inc (>> T-Mobile US) and a wireless partnership with cable company Altice USA (>> Altice USA Inc) failed to appease investors.

"It will not deliver the tens of billions in synergies we had foreseen in a merger with T-Mobile," Chief Financial Officer Tarek Robbiati said of the Altice agreement on a call with analysts and reporters. "Nonetheless, it does deliver real value for Sprint."

Sprint's shares were down 12 percent at $5.84 after earlier falling as much as 13.5 percent,

Altice said it would sell mobile service on Sprint's network under a new multi-year agreement announced on Sunday, becoming the latest cable company to enter the wireless market.

A day earlier, Sprint and T-Mobile ended merger talks, raising questions over how Sprint, in the middle of a turnaround plan to cut costs and shore up cash, could increase investment in its network.

The Altice partnership was not contingent on merger talks with T-Mobile failing, Robbiati said.

He also said comments by Sprint Chairman Masayoshi Son on raising capital expenditure to $5 billion to $6 billion annually, from $3.5 billion to $4 billion, was for the medium term and not for 2017.

Asked how Sprint would pay for the increase in spending, Robbiati said the company could fund it through cash, debt and borrowing against its spectrum, or wireless airwaves.

Last year, Sprint said it would raise an initial $3.5 billion by mortgaging about 14 percent of its spectrum.

Jonathan Chaplin, an analyst at New Street Research, said $5 billion to $6 billion annually was the minimum level at which Sprint could build a credible network, but the company faced challenges in catching up with wireless carriers that are moving ahead with developing next generation networks, or 5G.

"Sprint is trying to catch up to a moving target," he said. "I think the market is going to be reasonably skeptical."

(Editing by Susan Thomas and Bernadette Baum)

By Anjali Athavaley

Stocks treated in this article : SoftBank Group Corp, Sprint Corp, T-Mobile US, Altice USA Inc
Stocks mentioned in the article
ChangeLast1st jan.
ALTICE USA INC 1.06% 18.55 Delayed Quote.-13.57%
SOFTBANK GROUP CORP -7.27% 9251 End-of-day quote.0.34%
SPRINT CORP 2.23% 6.4199 Delayed Quote.8.83%
T-MOBILE US 1.70% 68.78 Delayed Quote.6.47%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SOFTBANK GROUP CORP
09:43aUPDATE1 : Tokyo stocks end higher on buybacks, weaker yen
AQ
10/15SOFTBANK : shares down Amid Saudi Outcry
AQ
10/15SOFTBANK : shares down Amid Saudi Outcry
AQ
10/15Rivals ARM and Intel make peace to secure Internet of Things
RE
10/15SOFTBANK : Saudi ties unnerve investors amid 'murdered' journalist affair
AQ
10/15SOFTBANK : Helps Startups Delay IPOs
DJ
10/15SOFTBANK : Saudi ties unnerve investors as shares drop 8 percent
RE
10/12A tech boom in Pittsburgh brings hope and angst
RE
10/12Indonesia's Bukalapak eyes countryside in push for profits in three years
RE
10/11Toyota, SoftBank in first-ever alliance, target self-driving car services
RE
More news
News from SeekingAlpha
10/15Rivals ARM, Intel collab for IoT platform 
10/15Sears Files For Bankruptcy (Wall Street Breakfast Podcast) 
10/15WALL STREET BREAKFAST : Sears Collapses Into Bankruptcy 
10/15SoftBank's Saudi ties alarm investors 
10/13U.S. VC Investments Headed For $100B Year 
Financials (JPY)
Sales 2019 9 399 B
EBIT 2019 1 015 B
Net income 2019 807 B
Debt 2019 12 747 B
Yield 2019 0,48%
P/E ratio 2019 12,24
P/E ratio 2020 6,45
EV / Sales 2019 2,44x
EV / Sales 2020 2,39x
Capitalization 10 182 B
Chart SOFTBANK GROUP CORP
Duration : Period :
SoftBank Group Corp Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SOFTBANK GROUP CORP
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 13 924  JPY
Spread / Average Target 51%
EPS Revisions
Managers
NameTitle
Masayoshi Son Chairman, President & Chief Executive Officer
Raul Marcelo Claure Chief Operating Officer & Director
Norikazu Oba Manager-Finance & Planning
Tadashi Yanai Independent Outside Director
Ken Miyauchi Representative Director & Vice President
Sector and Competitors
1st jan.Capitalization (M$)
SOFTBANK GROUP CORP0.34%90 795
AT&T-16.77%234 200
CHINA MOBILE LTD.-3.34%199 995
NTT DOCOMO INC4.74%95 379
KDDI CORP2.85%65 927
T-MOBILE US6.47%57 934