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

4-Traders Homepage  >  Equities  >  Tokyo  >  SoftBank Group Corp    9984   JP3436100006

SOFTBANK GROUP CORP (9984)
Mes dernières consult.
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 0.61% 19.86 Delayed Quote.-7.02%
SPRINT CORP -2.00% 5.88 Delayed Quote.1.87%
T-MOBILE US INC -1.27% 62.29 End-of-day quote.-0.66%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SOFTBANK GROUP CORP
08:48aSOFTBANK : Alphabet Back China Truck Firm -- WSJ
DJ
04/23SOFTBANK : Chinese Truck-Hailing Firm to Raise Nearly $2 Billion From Investors ..
DJ
04/23SOFTBANK : Early Redemption of Foreign Currency Denominated
AQ
04/23Munich Re would welcome an anchor investor, CEO says
RE
04/23SOFTBANK : Australian regulator flags scrutiny of Uber Eats
RE
04/22Amazon to double down on groceries; foray deeper into fresh produce in India
RE
04/20SOFTBANK : Early Redemption of Foreign Currency Denominated Senior Notes Issued ..
AQ
04/19SPRINT : to Offer iPhone 8 and iPhone 8 Plus PRODUCTRED Special Edition
AQ
04/19SOFTBANK : Abe, Son among Time magazine's 100 Most Influential People
AQ
04/19SOFTBANK : Corrects 4 Years of Tax Filings -- WSJ
DJ
More news
News from SeekingAlpha
04/23WSJ : SoftBank, Alphabet among investors giving $2B to Chinese truck-hailing fir.. 
04/23WSJ : SoftBank putting $1B into truck-hailing firm Manbang 
04/21VENTURE CAPITAL DEALS OF THE WEEK : Alibaba Invests $717M In Rural China 
04/19Sprint +1.7% as Macquarie lifts to Neutral on consolidation prospects 
04/18REPORT : Gannett on sidelines of Tronc bidding 
Financials ( JPY)
Sales 2018 9 143 B
EBIT 2018 1 031 B
Net income 2018 792 B
Debt 2018 11 855 B
Yield 2018 0,54%
P/E ratio 2018 10,93
P/E ratio 2019 12,27
EV / Sales 2018 2,29x
EV / Sales 2019 2,17x
Capitalization 9 110 B
Chart SOFTBANK GROUP CORP
Duration : Period :
SoftBank Group Corp Technical Analysis Chart | 9984 | JP3436100006 | 4-Traders
Technical analysis trends SOFTBANK GROUP CORP
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 12 672  JPY
Spread / Average Target 55%
EPS Revisions
Managers
NameTitle
Masayoshi Son Chairman & President
Rajeev Misra Director & Head-Strategic Finance
Tadashi Yanai Independent Outside Director
Ken Miyauchi Representative Director & Vice President
Yun Ma Director
Sector and Competitors
1st jan.Capitalization (M$)
SOFTBANK GROUP CORP-11.28%83 732
AT&T-10.83%212 927
CHINA MOBILE LTD.-8.08%190 180
NTT DOCOMO INC2.72%97 022
VODAFONE GROUP-8.96%78 563
KDDI CORP0.97%68 373