SoftBank's profit zooms on Sprint turnaround

SoftBank's profit zooms on Sprint turnaround

"But I think the No. 1 favorite, the quickest route to synergy, is the option that we pursued from the start: T-Mobile".

Stocks for both companies rose in response to the news "as investors bet a deal may finally happen under the Trump administration's looser regulatory climate", reported Bloomberg.

Back then Sprint was widely considered to be the third biggest wireless carrier in the USA, but its fortunes have since declined.


SoftBank's merger attempt with T-Mobile failed in 2014 when the deal ran into regulatory hurdles under the Obama administration's FCC, which was led by Democratic chairman Tom Wheeler.

Sprint previously has discussed how it is using Nokia equipment in Band 41 and took the opportunity at February's Mobile World Congress 2017 trade show in Barcelona to demonstratemassive MIMO, showing how the technology can boost cell capacity by eight times compared to 4G LTE. T-Mobile, meanwhile, is now said to be the fastest-growing wireless carrier in the USA thanks to a combination of promotions, price cuts and social media marketing campaigns that have seen it steal customers away from both AT&T and Verizon.

One of the reasons that SoftBank is doubling down on its merger ambitions is the new regulatory climate in the USA, according to Son. Now, during a press conference reported on by Reuters on May 10, the SoftBank boss has basically declared that he is looking to sell the struggling wireless phone company. However, it's also up to the other side and whatever conditions they may have. Which means that if everything goes according to schedule, it's at least possible for Sprint and T-Mobile to hit their 2019 goals. Neither Sprint nor T-Mobile ever commented publicly about the rumors at the time. According to Son, cost cuts have reduced losses at Sprint, and with operating profit on the rise, more of the day-to-day operations will be handed over to Sprint CEO Marcelo Claure. Given that Verizon, AT&T and T-Mobile have already spoken on their plans for their next generation mobile networks, Sprint wants its customers to know it's not asleep at the wheel. Yet, the talks may not interest T-Mobile anymore, he added. The investment fund is almost ready for its official launch, Son also said. Ray said the biggest news there is about High Performance User Equipment (HPUE), a handset-based technology that probably provides some benefits for Sprint, but he said it's a far cry from leveling the playing field with mid-band spectrum.

Related News:

  • Bank of England keeps rates at record low as economy slows

    The Resolution Foundation think tank noted that 40 percent of the British workforce have been affected by falling wages so far. This slide in sterling is making itself felt in the real economy by pushing up the price of imported goods.

    Harden, Rockets rout Spurs 125-104 to tie series

    Game 6 will be on Thursday in Houston , with a seventh and deciding game - if necessary - scheduled for Sunday in San Antonio. In order for the Rockets to win this series, they must play at their pace the majority of the time and hit their open shots.

    EVMs can be tampered in 90 secs: Kejriwal

    However, the voting machine the Greater Kailash MLA used was a dummy of what the Election Commission actually uses during polling. The Election Commission, which maintains that EVMs can not be programmed to favour any party, did not officially react.
  • 500M Windows 10 devices, half of 2018 goal

    500M Windows 10 devices, half of 2018 goal

    At the very least, iTunes users will be able to get automatic updates, assuming they've enabled that functionality. Meaning if users want to take advantage of the OS they will have to update it to the latest version of Windows 10.
    It's Official! Anya Taylor-Joy and Maisie Williams Join New Mutants Cast

    It's Official! Anya Taylor-Joy and Maisie Williams Join New Mutants Cast

    New Mutants is due out on April 13, 2018 , so we can expect the rest of that cast to come together very soon. Taylor-Joy will play Magik, a girl who has learned sorcery and uses teleportation discs to travel.

    Sage of Omaha Warren Buffett eyeing benefits of Trump tax cut

    MSFT, -0.09% founder Bill Gates, who was at the interview, along with longtime Buffett partner, Charlie Munger. According to FactSet, Berkshire Hathaway is UAL's largest shareholder with a more than 9 percent stake.
  • 3 dead, including former West Memphis police officer, in rural Arkansas

    3 dead, including former West Memphis police officer, in rural Arkansas

    An earlier version of this story was corrected to show the deaths happened about 65 miles west of Little Rock, not 170 miles west. The suspect in the killing of an Arkansas sheriff's deputy and two other people has been taken into custody, authorities said.
    Andy Murray Out, Rafael Nadal and Novak Djokovic Advance to Semifinals

    Andy Murray Out, Rafael Nadal and Novak Djokovic Advance to Semifinals

    Halep faces Latvian Anastasija Sevastova in Friday s semi-finals after the world number 22 saw off Kiki Bertens 6-3, 6-3. Nadal faces David Goffin in Friday's quarter-finals after the Belgian beat world number six Milos Raonic 6-4, 6-2.
    Labor to back retaining budget fix  levy

    Labor to back retaining budget fix levy

    Mr Morrison clarified that to say it was $36.5 billion although he also mentioned the figure $35.6 billion. Mr Morrison has said he doesn't want a political fight over the funding.
  • Oil rebounds above $50 on latest United States stockpile figures

    US West Texas Intermediate (WTI) crude futures were at $47.57 per barrel, up 24 cents, or 0.5 per cent from the last settlement. World oil demand growth for 2017 was left unchanged at 1.27 million barrels per day with non-OECD countries leading the growth.

    New Orleans Begins Removing Second Confederate Monument

    Two years ago, Mayor Mitch Landrieu signed an ordinance that prompted the removal and relocation of four confederate statues. Supporters and opponents were separated by barricades, similar to how NOPD organized protesters at Lee Circle on May 7.
    Ismail Haniya elected new political chief of Hamas

    Ismail Haniya elected new political chief of Hamas

    Former Prime Minister of the Palestinian national authority Ismail Haniyeh was headed by the radical Islamist movement Hamas. The PLO is considered the worldwide representative of Palestinians both in the Palestinian territories and the diaspora.


Most liked

Iraq, Algeria support extension of oil production cuts
However, officials from member countries have questioned the sustainability of the rebound in shale. Iraq said it pumped 4.53 million bpd, above its target of 4.351 million bpd.

Houston Rockets vs. San Antonio Spurs - 5/11/17 NBA Pick, Odds, and Prediction
Whilst every match so far has been a blowout, the loss of Nene was definitely noticeable in Game 5. If the San Antonio Spurs don't have Leonard, it should be obvious the Spurs won't win anything.

Chibok schoolgirls: 'One refused to be released'
Nigeria Crisis Response staff Roxane Hill reported that "we don't know when and if the girls will be allowed to return to Chibok". Eighty-two of Nigeria's Chibok schoolgirls are free thanks to a prisoner swap between the Nigerian government and Boko Haram .

European Union chief negotiator says Brexit 'will come at cost'
Barnier acknowledged that Ireland is in a unique position and said "Ireland's interest will be the Union's interest". He praised the "remarkable preparatory work" the government had done ahead of the talks.

Brunt warns WBA won't roll over for Chelsea
The Italian was famously chucked into freezing cold water in just his underpants by Juventus players after their 2013 title win. Chelsea have been warned West Brom will be no pushovers when they head to The Hawthorns for a prospective title party.

Diddy Is Still The Richest Rapper On The Planet
Finishing fifth is Aubrey " Drake " Graham, whose " Views " world tour raked in nearly $1 million per night. Dre at $ 740 million , Birdman at $110 million and Drake with $90 million.

Dialogue with Trump was non-politicised: Russian FM
Still, the overlap between the FBI Russia investigation and Mr Trump's diplomatic efforts could not be brushed aside. Journalists typically cover portions of meetings between the president and heads of state or government.

FA chief defends Manchester United over Pogba deal
A statement from football's governing body on Tuesday said: "We can confirm that FIFA/TMS has been requesting information on the transfer".

Bethune-Cookman Graduates Turn Their Backs on Betsy DeVos
The booing became an uproar again mid-speech, when DeVos said she would be visiting the grave of the school's founder. "If you don't have friends, it's very hard to raise money".

Wizards' Oubre suspended for Game 4 for knocking over Olynyk
The Wizards were without reserve forward Kelly Oubre (suspension) for Sunday night's game against the Celtics . On the road in Boston, the Wizards had a 16-0 run in Game 1 and a 14-0 run in Game 2.

Alvarez vows to put McGregor beating behind him at UFC 211
Floyd Mayweather (left) and Conor McGregor (right) have reportedly agreed to terms on a mega-fight. And absolutely, there's going to be a point where I'm done.

Trump, top Russian Federation envoy to meet at White House
His previous visit to Washington took place in 2013, while the previous visit of a Russian President to the U.S. was held in 2010. According to the US State Department, Lavrov and Tillerson will discuss Ukraine and Syria, among other issues.

Silva, De Bruyne orchestrate City's 5-0 win over Palace
Nicolas Otamendi and Vincent Kompany are strong in the air and win duels but we don't have enough guys to score goals. "In the boxes, we were not good, and in this league, everything happens in the boxes".

Bryan Singer's 'X-Men' Show 'The Gifted' Has its First Teaser
Nix and Singer, along with Lauren Shuler Donner, Simon Kinberg, Jim Chory, and Jeph Loeb will all serve as executive producers. Fox has ordered to series The Gifted, its first series produced in conjunction with Marvel Television.

Rupert Murdoch 'not worried' about Fox sexual harassment allegations
Both Sky and Fox are controlled by businessman Rupert Murdoch , who also owns the Times and the Sun newspapers. Walsh has alleged that O'Reilly broke a promise to get her a job at Fox News because she rejected his advances.