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 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 -0.54% 31.1 Delayed Quote.-20.01%
SOFTBANK GROUP CORP 1.01% 9857 End-of-day quote.6.91%
SPRINT CORP -0.18% 5.46 Delayed Quote.-7.30%
T-MOBILE US -0.27% 59.25 Delayed Quote.-6.71%
VERIZON COMMUNICATIONS -0.26% 50.62 Delayed Quote.-4.36%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SOFTBANK GROUP CORP
07/19SOFTBANK : Meal delivery service DoorDash hires Uber finance head as CFO
RE
07/19SOFTBANK : Arabia saudita emerge como un poderoso actor en el fútbol internacion..
AQ
07/19SOFTBANK : to test Japan ride-hailing service with China's DiDi Chuxing in autum..
AQ
07/19GENERAL MOTORS : SoftBank's Son says Japan is 'stupid' to disallow ride-sharing
RE
07/19SOFTBANK : DiDi and SoftBank's Joint Venture to Launch Taxi-Hailing Platform Pil..
PU
07/17SOFTBANK : Didi seeks $1.5 billion car services spinoff ahead of likely IPO - so..
RE
07/17SOFTBANK : Earnings Results Briefing for Q1/FY2018
PU
07/14COMMENCEMENT OF TENDER OFFER BY SOFT : 4689), Acquisition by Yahoo Japan Corpora..
AQ
07/13SoftBank's cheap valuation draws $1 billion bet from U.S. fund Tiger Global
RE
07/11SOFTBANK : Malaysia reviews monopoly risk in ride-hailing market after Grab-Uber..
RE
More news
News from SeekingAlpha
07/21VENTURE CAPITAL DEALS OF THE WEEK : SoftBank Circles $1B AI Investment 
07/20Alibaba Is Good, But This Company Is Even Better - And It's Not Amazon 
07/20SoftBank considers $1B AI investment 
07/19SoftBank and Did bring ride-hailing to Japan 
07/17Fed Delivers Semi-Annual Monetary Policy (Wall Street Breakfast Podcast) 
Financials (JPY)
Sales 2019 9 343 B
EBIT 2019 984 B
Net income 2019 635 B
Debt 2019 12 331 B
Yield 2019 0,45%
P/E ratio 2019 16,13
P/E ratio 2020 6,69
EV / Sales 2019 2,47x
EV / Sales 2020 2,39x
Capitalization 10 704 B
Chart SOFTBANK GROUP CORP
Duration : Period :
SoftBank Group Corp Technical Analysis Chart | 9984 | JP3436100006 | 4-Traders
Technical analysis trends SOFTBANK GROUP CORP
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 12 674  JPY
Spread / Average Target 29%
EPS Revisions
Managers
NameTitle
Masayoshi Son Chairman & President
Raul Marcelo Claure Chief Operating Officer & Director
Tadashi Yanai Independent Outside Director
Ken Miyauchi Representative Director & Vice President
Yun Ma Director
Sector and Competitors
1st jan.Capitalization (M$)
SOFTBANK GROUP CORP6.91%96 016
AT&T-20.01%229 084
CHINA MOBILE LTD.-13.56%177 880
NTT DOCOMO INC6.24%96 840
KDDI CORP11.10%70 612
VODAFONE GROUP-24.41%62 368