Wednesday, 23 August 2017

Softbank posts healthy financials despite Sprint

By Nick Wood, Total Telecom
Thursday 28 July 16

Japan-based telco reports 2.9% rise in revenue, profit dips 8.9%.

Softbank posted a 2.9% rise in fiscal first-quarter revenue on Thursday, as its Japanese business offset ongoing declines at Sprint. The company generated revenue of ¥2.13 trillion (€18.3 billion) from continuing operations in the three months to 30 June, compared to ¥2.07 trillion a year earlier, while operating income edged up year…

Softbank posted a 2.9% rise in fiscal first-quarter revenue on Thursday, as its Japanese business offset ongoing declines at Sprint. The company generated revenue of ¥2.13 trillion (€18.3 billion) from continuing operations in the three months to 30 June, compared to ¥2.07 trillion a year earlier, while operating income edged up year…

Please login or register to view this content

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

Quickly get on board and up to date with the telecoms industry