Arab Today, arab today softbank avoids questions on tmobile deal
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

SoftBank avoids questions on T-Mobile deal

Arab Today, arab today

Arab Today, arab today SoftBank avoids questions on T-Mobile deal

Softbank president Masayoshi Son
Tokyo - AFP

The chief of Japanese mobile carrier SoftBank on Friday brushed aside questions about a plan to buy T-Mobile, in his first public comments since a report said that he had called off the deal.
Masayoshi Son, the billionaire head of SoftBank, had never confirmed that he was trying to scoop up the fourth-largest US mobile carrier through its unit Sprint, which SoftBank acquired last year in a monster $21.6 billion deal.
But Son has said that he wanted a stronger number-three carrier to take on US market leaders Verizon and AT&T, and the T-Mobile acquisition was seen as key to that strategy.
This week, the Wall Street Journal reported that Sprint had abandoned a $32 billion offer for T-Mobile in the face of US regulatory opposition.
"SoftBank does not discuss whether or not we intend to purchase particular firms," he told reporters.
"I have never made an official comment on this, and I will not have an official comment today."
He added: "There is no change to my belief that the US market can only maintain its health and competitiveness with aggressive competition among three firms rather than being controlled by two."
Son's comments came at a quarterly earnings press briefing in Tokyo where SoftBank announced its net profit had plunged nearly 70 percent.
It said the drop was due to last year's one-off gain tied to its stake in successful game developer GungHo, creator of the blockbuster Puzzle & Dragons smartphone game.
SoftBank's net profit stood at 77.6 billion yen ($762 million), dropping from 244.4 billion, but sales more than doubled to 1.99 trillion yen as the firm incorporated revenue from Sprint.
On Wednesday, Sprint said it was replacing its chief executive Dan Hesse after the apparently bungled effort to take over T-Mobile. Marcelo Claure, who founded and heads Brightstar, a SoftBank subsidiary, was appointed Sprint's new boss.
Son said Sprint's network quality had been improved and the firm was ready to take its rivals head on.
"Now we are ready to increase our customers. Marcelo is like a street fighter. (Sprint) will launch aggressive sales efforts," he said.
Apart from the Sprint deal, Son has led SoftBank on a string of acquisitions in recent years, stirring concerns about the amount of debt the company was taking on.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today softbank avoids questions on tmobile deal Arab Today, arab today softbank avoids questions on tmobile deal

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today softbank avoids questions on tmobile deal Arab Today, arab today softbank avoids questions on tmobile deal

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday