SoftBank Buying More Sprint Shares

Posted by at 10:05 am on August 13, 2015

softbank_logoSoftBank has been snapping up shares of Sprint, increasing its stake recently by as much as $87 million.

Despite SoftBank CEO Masayoshi Son’s misgivings about the overall acquisition of Sprint, SoftBank said it “is enthusiastic about Sprint’s prospects.

The SoftBank Group and Sprint teams have been working closely together on Sprint’s network strategy to enhance Sprint’s competitiveness and reduce its capital expenditures and operating costs.” SoftBank didn’t say if it plans to continue purchasing Sprint shares.

The carrier recently fell behind T-Mobile in terms of subscribers in the U.S., making it the fourth-largest carrier.

Leave a Reply

Sign Up For Our Newsletter

Sign up to receive breaking news
as well as receive other site updates

Enter your Email


Preview | Powered by FeedBlitz

Log in

Copyright © 2008 - 2024 · StreetCorner Media , LLC· All Rights Reserved ·