Softbank to sell ¥400 billion in bonds

May 22, 2013

Softbank to sell ¥400 billion in bonds

by Yusuke Miyazawa

Softbank Corp. plans to sell ¥400 billion in bonds targeting individual investors to fund its $20.1 billion purchase of Sprint Nextel Corp. The mobile phone company will price the five-year notes to yield from 1.25 percent to 2.25 percent on June 3, according to ...

Son talks up Silicon Valley hub plans in Sprint bid

May 14, 2013

Son talks up Silicon Valley hub plans in Sprint bid

Softbank Corp., bidding to take over Sprint Nextel Corp. in a $20.1 billion deal, is planning a new Silicon Valley office for the U.S. carrier that would employ as many as 1,000 people. Executives have already started holding monthly meetings in the California technology ...

Softbank to offer health service via smartphone

May 8, 2013

Softbank to offer health service via smartphone

by Kazuaki Nagata

Softbank Corp. said it will launch this summer a health care service package for its smartphones that includes monitoring daily health conditions and fitness information as well as 24-hour telephone counseling. At a news conference Tuesday where the firm also released its new handset ...

Softbank chief says Dish wrong fit for Sprint

May 2, 2013

Softbank chief says Dish wrong fit for Sprint

Softbank Corp. President Masayoshi Son lashed out at fellow billionaire Charlie Ergen, saying he doesn’t have the expertise to run Sprint Nextel Corp., the U.S. mobile phone company both men are trying to take over. Ergen, the chairman of Dish Network Corp., doesn’t have ...

May 1, 2013

IPhone brings carriers record profit

by Kazuaki Nagata

KDDI and Softbank said Tuesday that they posted record high sales and operating profit in the business year through March 31 thanks to the hugely popularity of the Apple iPhone, which is continuing to contribute to their growth. Non-iPhone provider NTT DoCoMo reported last ...

Apr 19, 2013

FCC urged to freeze Softbank Sprint bid

U.S. satellite TV company Dish Network Corp. has asked the Federal Communications Commission to suspend its evaluation of Softbank Corp.’s bid for U.S. cellphone provider Sprint Nextel Corp., sources said Thursday. The announcement of Dish’s $25.5 billion bid for Sprint on April 15 constituted ...

Apr 17, 2013

Softbank says its acquisition of Sprint is a done deal

Softbank Corp. said Tuesday its agreement last October to acquire Sprint Nextel Corp. is pretty much a done deal, as the mobile service giant responded to a new counter bid from U.S. satellite television provider Dish Network Corp. “The Softbank-Sprint transaction is in the ...

Apr 2, 2013

Softbank-backed China startup builds Facebook for kids

A former Nokia Oyj engineer is building a private social network in China where children share art projects online with parents or grandparents. Japan’s phone and Internet giant Softbank Corp. is betting he’ll succeed. SmarTots, Jesper Lodahl’s Beijing-based startup, began offering mobile education applications ...

DoCoMo to resume phone M&A after Softbank move, CEO says

Feb 28, 2013

DoCoMo to resume phone M&A after Softbank move, CEO says

NTT DoCoMo Inc. is ready to return to investing in phone companies outside Asia after rival Softbank Corp.’s deal to acquire a majority stake in Sprint Nextel Corp. in the U.S., its chief executive officer said. “The acquisition plan of Sprint was quite astonishing ...

Feb 2, 2013

Softbank logs record operating profit

Strong iPhone sales allowed Softbank Corp. to log a record group operating profit and KDDI Corp. to post firm profit growth from last April to December. But NTT DoCoMo Inc., which does not market Apple Inc.’s hugely popular smartphone, saw its operating profit fall ...