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

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector 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 CET

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 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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SOFTBANK GROUP CORP
11/17 SOFTBANK : to pump $25bn investments in KSA in next 3-4 yrs – Bloomberg
11/17 SOFTBANK : tipped for $25bn KSA investment in ‘unique’ deal
11/16 SOFTBANK TO INVEST UP TO $25 BILLION : Bloomberg
11/16 SoftBank to invest up to $25 billion in Saudi Arabia - Bloomberg
11/16 SOFTBANK : and Honda to Begin Joint Research on Connected Car Technologies that ..
11/15 SOFTBANK : $25 bln in SoftBank investments planned for Saudi Arabia projects
11/14 Wireless Telecom Services Global Market Outlook - Production by Type, Consump..
11/14 SOFTBANK : Comment on Potential Investment in Uber
11/14 SOFTBANK : says considering investment in Uber but no final agreement reached
11/14 SOFTBANK : Considering Uber but “no final agreement” yet
More news
News from SeekingAlpha
11/17 SoftBank Just Made A Mistake, But Sprint Should Survive It
11/15 BLOOMBERG : SoftBank planning $25B investment in Saudi Arabia
11/13 SoftBank CEO tells CNBC Uber investment "by no means decided"
11/13 WALL STREET BREAKFAST : New Era For General Electric
11/13 Uber reaches deal on SoftBank investment
Financials ( JPY)
Sales 2018 9 122 B
EBIT 2018 1 065 B
Net income 2018 404 B
Debt 2018 12 304 B
Yield 2018 0,47%
P/E ratio 2018 24,94
P/E ratio 2019 14,00
EV / Sales 2018 2,50x
EV / Sales 2019 2,39x
Capitalization 10 486 B
Chart SOFTBANK GROUP CORP
Duration : Period :
SoftBank Group Corp Technical Analysis Chart | 9984 | JP3436100006 | 4-Traders
Technical analysis trends SOFTBANK GROUP CORP
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 12 267  JPY
Spread / Average Target 29%
EPS Revisions
Managers
NameTitle
Masayoshi Son Chairman & Chief Executive Officer
Ken Miyauchi President, Chief Operating Officer & Director
Yoshimitsu Goto Managing Executive Officer & Manager-Finance
Tadashi Yanai Independent Director
Yun Ma Director
Sector and Competitors
1st jan.Capitalization (M$)
SOFTBANK GROUP CORP22.79%93 556
AT&T-18.86%211 857
CHINA MOBILE LTD.-4.70%204 986
NTT DOCOMO INC5.15%97 296
VODAFONE GROUP14.44%80 608
KDDI CORP0.83%68 880