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 to accelerate network investment, CEO says

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/08/2017 | 07:59pm CEST

NEW YORK (Reuters) - Sprint Corp (>> Sprint Corp) will accelerate investment in its network as it plots a future as a standalone company, its chief executive officer said on Wednesday, days after the No. 4 U.S. wireless carrier and rival T-Mobile US Inc (>> T-Mobile US) said merger talks had failed.

NEW YORK (Reuters) - Sprint Corp (>> Sprint Corp) will accelerate investment in its network as it plots a future as a standalone company, its chief executive officer said on Wednesday, days after the No. 4 U.S. wireless carrier and rival T-Mobile US Inc (>> T-Mobile US) said merger talks had failed.

Sprint CEO Marcelo Claure said at an investor conference the company could spend more than its previous guidance of $5 billion to $6 billion per year on capital expenditures, and that cash on hand could dip next year as it builds out its network.

"We came to the realization that we're still far away from what the Sprint network can actually deliver," Claure said on Wednesday. "I don't think we've put all our assets to work."

Sprint and No. 3 U.S. wireless carrier T-Mobile said on Saturday they have called off merger talks to create a combined U.S. wireless company to rival market leaders AT&T Inc (>> AT&T) and Verizon Communications Inc (>> Verizon Communications).

Claure said on Wednesday that the talks fell through because SoftBank Group Corp (>> SoftBank Group Corp) CEO Masayoshi Son was not prepared to relinquish control of Sprint. SoftBank owns a majority of Sprint shares.

"We're always going to be open to looking at possible alternatives," he said, adding that "we believe that eventually there's going to need to be a tie-up between a telco and a cable company."

Sprint shares rose 4.2 percent to $5.99 in early afternoon trading on Wednesday.

(Reporting by Anjali Athavaley, editing by G Crosse)

By Anjali Athavaley

Stocks mentioned in the article
ChangeLast1st jan.
AT&T 1.00% 32.8345 Delayed Quote.-16.77%
SOFTBANK GROUP CORP -1.81% 9613 End-of-day quote.4.26%
SPRINT CORP 1.96% 6.495 Delayed Quote.8.83%
T-MOBILE US 1.48% 69.77 Delayed Quote.6.47%
VERIZON COMMUNICATIONS 0.57% 54.965 Delayed Quote.1.51%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SOFTBANK GROUP CORP
10:45aNEC : and Arm developing secure IoT solutions for smart cities
AQ
10:27aNEC : collaborates with Arm on smart cities
AQ
10/18GLOBAL MARKETS LIVE : BNY Mellon, Blackstone, Danaher, Philip Morris, American E..
10/18SOFTBANK : Smart Devices Draw New Defenses
DJ
10/17SoftBank lines up $9 billion in loans for Vision Fund from banks - Bloomberg
RE
10/17SOFTBANK LINES UP $9 BILLION IN LOAN : Bloomberg
RE
10/17Banks Put Uber Value At $120 Billion -- WSJ
DJ
10/17SoftBank 'anxiously' monitoring Saudi Arabia situation - executive
RE
10/17SOFTBANK 'ANXIOUSLY' MONITORING SAUD : executive
RE
10/16UPDATE1 : Tokyo stocks end higher on buybacks, weaker yen
AQ
More news
News from SeekingAlpha
10/18SKY : SoftBank mulls stake in UK fintech unicorn Oaknorth 
10/17SPRINT'S NEW IPHONE STRATEGY : A Win For Apple, Sprint Or Both? 
10/17REPORT : SoftBank will get $9B Vision Fund loan from mobile underwriters 
10/17With 5 Months To Go, Brexit Hangs In The Balance (Wall Street Breakfast Podca.. 
10/17WALL STREET BREAKFAST : Crunch Time At Brexit Summit 
Financials (JPY)
Sales 2019 9 409 B
EBIT 2019 1 015 B
Net income 2019 819 B
Debt 2019 12 747 B
Yield 2019 0,46%
P/E ratio 2019 12,60
P/E ratio 2020 6,90
EV / Sales 2019 2,48x
EV / Sales 2020 2,44x
Capitalization 10 619 B
Chart SOFTBANK GROUP CORP
Duration : Period :
SoftBank Group Corp Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SOFTBANK GROUP CORP
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 14 023  JPY
Spread / Average Target 45%
EPS Revisions
Managers
NameTitle
Masayoshi Son Chairman, President & Chief Executive Officer
Raul Marcelo Claure Chief Operating Officer & Director
Norikazu Oba Manager-Finance & Planning
Tadashi Yanai Independent Outside Director
Ken Miyauchi Representative Director & Vice President
Sector and Competitors
1st jan.Capitalization (M$)
SOFTBANK GROUP CORP4.26%94 394
AT&T-16.77%236 015
CHINA MOBILE LTD.-1.39%203 839
NTT DOCOMO INC8.83%98 795
KDDI CORP5.81%67 341
T-MOBILE US6.47%58 264