SoftBank plans near $1 billion buyback as confidence in Sprint renewed

The share buyback would be SoftBank's biggest ever if carried out in full

Reuters


TOKYO (Reuters) - SoftBank Corp announced a near $1 billion share buyback and a higher quarterly profit as loss-making Sprint Corp fared better than expected, with the Japanese telecoms group forecasting "light at the end of the tunnel" for its U.S. unit.

The share buyback worth up to 120 billion yen ($961.69 million) would be SoftBank's biggest ever if carried out in full. CEO Masayoshi Son attributed the surprise move to its lackluster share price and renewed confidence in Sprint which SoftBank bought for more than $20 billion in 2013 but has struggled to turn around.

China's ZTE to partner with Softbank on 'pre-5G' technology in Japan

Commercial trial to begin early next year

Reuters

HONG KONG (Reuters) - Chinese telecommunications equipment maker ZTE Corp said on Friday it has struck a deal with SoftBank Corp to deploy its "pre-5G" technology in Japan, with a commercial trial to begin early next year.

ZTE has touted its "pre-5G" technology as providing faster speeds on 4G network. It sees it as intermediate step between current 4G technology and 5G, the next generation of networks that the wireless industry is hoping to have up and running by 2020.

SoftBank shrinks U.S. office, marking end of failed T-Mobile bid

Subsidiary Sprint dropped bid to acquire No. 4 U.S. carrier in August

Reuters

TOKYO (Reuters) - Japan's SoftBank Corp will soon downsize its Silicon Valley offices, people with knowledge of the matter said, signaling the company won't revive efforts to buy T-Mobile U.S. Inc.

SoftBank subsidiary Sprint Corp dropped its bid to acquire the No. 4 U.S. carrier in August but the companies did not rule out future consolidation.

Japan's wireless carriers told to unlock phones starting next year

Govt demands that all smartphones and tablets to be sold with SIM unlocked upon customers' request starting in May

Reuters

TOKYO (Reuters) - Japan's wireless network providers are to lift restrictions on which network their subscribers can use, the government said, demanding that all smartphones and tablets to be sold with their SIM cards unlocked upon customers' request starting next year.

The Ministry of Internal Affairs and Communications said on Friday that all smartphones and tablets are to be sold with their SIM cards unlocked if customers ask for it and at no cost to users, from May 2015.

SoftBank's first Sony smartphone deal takes aim at U.S. market

Release of Xperia Z3 expected at IFA tech expo in Berlin

Reuters

TOKYO (Reuters) - Japan's SoftBank Corp and its U.S. mobile carrier Sprint Corp will offer a Sony smartphone for the first time, sources with knowledge of the matter said, as the two technology titans confront daunting challenges in the U.S. market.

The deal could give a much-needed boost to Sony's struggling mobile division, which last month said it no longer expected to make a profit in the year to next March. It will also bolster Sprint's handset line-up as it seeks to stem a flight in subscribers.

Google, Asian telecoms to build $300 million undersea cable to Japan

'FASTER' network will have initial capacity of 60 terabits per second

Reuters

(Reuters) - Search engine Google Inc and five Asian telecom and communications companies have agreed to invest about $300 million to develop and operate a trans-Pacific cable network connecting the United States to Japan.

To be named "FASTER," the cable network will have an initial capacity of 60 terabits per second and will connect Los Angeles, Portland, San Francisco, Oregon and Seattle to Chikura and Shima in Japan.

Sprint drops bid to buy T-Mobile, changes CEO

Could give added impetus to a rival bid for T-Mobile by French telecoms firm Iliad

Reuters

(Reuters) - Sprint Corp S.N has dropped its bid to acquire No. 4 U.S. carrier T-Mobile U.S. Inc TMUS.N after regulatory resistance showed no signs of softening despite months of lobbying, people familiar with the matter told Reuters.

Sprint's shares plunged 19 percent to $5.90, while T-Mobile fell 10 percent to $30.38 on Wednesday.

The move is a rare setback for Sprint's Japanese parent, SoftBank Corp 9984.T, whose billionaire founder Masayoshi Son had seen the acquisition as key to taking on U.S. market leaders AT&T Inc T.N and Verizon Communications Inc VZ.N.

Japan's KDDI, SoftBank say NTT's broadband plan risks monopoly revival

Reuters

TOKYO (Reuters) - Japan's KDDI Corp and SoftBank Corp said bigger rival NTT DoCoMo Inc (DoCoMo) could gain too much control of the wireless telecommunications business should DoCoMo's parent offer its fibre-optic broadband for resale.

Former state monopoly Nippon Telegraph and Telephone Corp (NTT) in May said it planned to sell its fibre-optic broadband to mobile phone network providers, which can then re-brand the service and sell it together with mobile phone contracts.

Syndicate content

Featured Reports

Understanding and Capitalizing Upon Telecom APIs for Communications Enabled Applications
Big Data and Analytics software and applications will play a crucial role in making IoT a success. The data generated through sensors embedded in various things/objects will generate massive amounts of unstructured (big) data on real-time basis that holds the promise for intelligence and insights for dramatically improved decision processes.

 

Market Opportunity: Big Data in the Internet of Things
Big Data and Analytics software and applications will play a crucial role in making IoT a success. The data generated through sensors embedded in various things/objects will generate massive amounts of unstructured (big) data on real-time basis that holds the promise for intelligence and insights for dramatically improved decision processes.

 

Concise, Practical Market Reports on Big Data, IoT, CDN & More!
Access the exclusive new series of market research reports brought to you through the partnership of Mind Commerce research and TelecomEngine.com.
Browse the latest titles

 

 

Featured Events & Partners

GEN 15
Nov. 16-19, 2015

Omni Hotel, Dallas, Texas

The global gathering of networking professionals enabling the future of agile, assured and orchestrated services powered by CE 2.0, LSO (Lifecycle Service Orchestration), SDN and NFV.

Visit event website...
 

 

Business Wire