TOKYO: SoftBank Group Corp’s fourth-quarter profit topped analysts’ projections, thanks to Sprint Corp’s first annual net income in more than a decade. The US wireless subsidiary is planning to merge with rival T-Mobile US Inc.
The Japanese telecommunications provider and technology investor said operating profit was 155 billion yen (US$1.4bil) in the three months ended March, more than the 137.4 billion yen average of analyst estimates compiled by Bloomberg. Revenue was 2.35 trillion yen.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!