Oct 8, 2016

Japan punishes three firms over predatory smartphone discounts

Japan’s communications ministry imposed administrative penalties on three phone service providers on Friday for offering excessive discounts to customers buying smartphones. The ministry gave NTT Docomo Inc., KDDI Corp. and SoftBank Corp. until the end of this month to report measures to end the ...

Sep 16, 2016

Mizuho, SoftBank partner on AI-based consumer lending venture

Mizuho Bank and SoftBank Group Corp. have agreed to set up a 50-50 joint company to provide unsecured consumer loans via artificial intelligence technology. Using customers’ business histories at both firms for the credit-screening process, the venture will provide an innovative, attractive, low-cost loan ...

SoftBank's $120 billion debt nears Moody's downgrade trigger

Sep 6, 2016

SoftBank's $120 billion debt nears Moody's downgrade trigger

SoftBank Group Corp.’s debt — which is set to swell as its latest global acquisition became effective Monday — is nearing a level at which Moody’s Investors Service has said it will consider a rating downgrade. The Japanese wireless carrier’s purchase of British semiconductor ...

Softbank, KDDI strike back at low-cost smartphone rivals

Aug 16, 2016

Softbank, KDDI strike back at low-cost smartphone rivals

Mobile carriers SoftBank Group Corp. and KDDI Corp. are hitting back at low-cost providers with competitive rates under their group brands. Newcomers to the rapidly expanding low-cost smartphone service market include retail giant Aeon Co. and online retailer Rakuten Inc. They use networks leased ...

Jul 28, 2016

SoftBank profit rises on proceeds from Alibaba stake sale

SoftBank Group Corp.’s first-quarter profit rose 19 percent as proceeds from selling part of its stake in Alibaba Group Holding Ltd. helped offset losses at Sprint Corp. Net income at the carrier rose to ¥254.2 billion in the three months ended June 30, the ...