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Softbank quarterly revenue up 2.8%, opg profit grows on Sprint improvement
2017-08-07 10:42:00| Telecompaper Headlines
(Telecompaper) Net income plunged 88.8 percent to JPY 30.5 billion in the quarter, due mainly to financial and derivative losses related to the company's stake in Alibaba. Operating income amounted to JPY 479.2 billion, which represents an increase of 50.1 percent year-on-year, due largely to the inclusion of the new Softbank investment fund. Excluding the Softbank Vision Fund, operating profit was up 17.2 percent to JPY 374.0 billion, led by growth at Sprint and Yahoo Japan.
Tags: improvement
profit
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quarterly
Sprint, T-Mobile US back round the negotiating table
2017-08-07 02:00:00| Total Telecom industry news
Sprint has resumed merger talks with T-Mobile US, it emerged on Monday, after seemingly failing to strike a deal with cableco Charter. Sources cited by Bloomberg allege that talks restarted following the expiration at the end of July of an exclusive negotiating period between Sprint…read more on TotalTele.com »
Anyone willing to go for a Sprint?
2017-08-04 02:00:00| Total Telecom industry news
Sprint is there for the taking, so why the apparent reticence? After months of speculation about what kind of a deal could be on the cards for Sprint, and how it might shake up the U.S. market, this week came as something of an anticlimax when one of its potential partners poured cold water on rumours of a possible merger. Cableco Charter Communications, responding to a Wall Street Journal report last week about a tie-up with Sprint, said it has "no interest in acquiring" the operator. "I was a bit surprised to see Charter's announcement," said Sprint CEO Marcelo Claure, during the company's quarterly investor call on Tuesday…read more on TotalTele.com »
Tags: sprint
Sprint posts first net profit in 3 years, higher revenue in Q1
2017-08-01 16:36:00| Telecompaper Headlines
(Telecompaper) Sprint posted its first net profit in three years in its fiscal first quarter to June, and EBITDA rose to its highest level in nearly 10 years. Revenues were also up slightly year-on-year, but customer growth continues to lag its rivals in the US mobile market.
Charter plays down Sprint merger rumours
2017-08-01 02:00:00| Total Telecom industry news
Charter Communications this week distanced itself from reports linking it with a merger with mobile operator Sprint. A Wall Street Journal report (subscription required) cited sources late last week who claimed that Sprint suggested merging with the U…read more on TotalTele.com »
Tags: plays
charter
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