Wednesday, 28 June 2017

Softbank 'confident' on Sprint's prospects, increases ownership

By Mary Lennighan, Total Telecom
Monday 17 August 15

Japanese telco spends €78 million on additional Sprint shares, expressing confidence in its turnaround initiatives.

Softbank has increased its ownership of Sprint to almost 80% because it is optimistic on the U.S. mobile operator's future, it announced late last week. The Japanese telco said it bought 22.87 million shares for US$86.91 million, or around 10.86 billion yen (&euro…

Softbank has increased its ownership of Sprint to almost 80% because it is optimistic on the U.S. mobile operator's future, it announced late last week. The Japanese telco said it bought 22.87 million shares for US$86.91 million, or around 10.86 billion yen (&euro…

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