Home › News ›

SoftBank, Sprint Majority Owner, to Split In Two

Article Comments

Mar 7, 2016, 8:57 AM by Eric M. Zeman

SoftBank today revealed a plan to separate itself into two separate companies, one for its Japan-based carrier business and another for its international operations, including Sprint. SoftBank's domestic business unit, which includes investments in Yahoo Japan, will be run by Ken Miyauchi. SoftBank's international unit, which includes Sprint and Alibaba, will be run by former Google exec Nikesh Arora. SoftBank will maintain full ownership of both businesses. The move is meant to separate the finances of the different businesses and prevent too much cash from SoftBank's Japanese operations being used to shore up its international investments. It may also help give SoftBank more legal and financial options for its international unit down the road. Sprint is $32 billion in debt, has lost marketshare to T-Mobile, has laid off thousands of employees, and faces a challenging network upgrade program. SoftBank purchased a majority ownership of Sprint in 2013.

Wall Street Journal »

Related

Samsung Refines its Foldable Phones

Aug 10, 2022
Samsung has announced its newest generation of foldable phones: the Galaxy Z Fold4 and Galaxy Z Flip4. Both have similar designs and features compared to their predecessors, with a slew of small updates and refinements across the board.

iPhone 14 Plus Offers a Big Screen For Less

Sep 7, 2022
Apple has revealed the iPhone 14 series, with new features, improved specs, and new size options. In place of a Mini option, the iPhone 14 will come in the same 6.1-inch and 6.7-inch screen size options as the Pro models.

Major Update to Google Messages Brings iPhone-Compatible Emoji Reactions

Mar 10, 2022
Google today started rolling out a major update to its Messages app, the default SMS and RCS messaging app on most new Android phones. It includes several major new features, but the biggest for most people may be automatic conversion and tidier display of emoji reactions from iPhone users .

Apple Watch Goes Ultra

Sep 7, 2022
Apple has refreshed its Apple Watch lineup with Series 8, a new Watch SE, and added a larger, more rugged Apple Watch Ultra for athletes and extreme adventurers. Apple Watch Series 8 has two main upgrades over Series 7: temperature sensors and Crash Detection.

Verizon Looking to Sell Yahoo and AOL

Apr 28, 2021
Verizon is exploring the sale of its media businesses, including Yahoo and AOL, according to the Wall Street Journal. Verizon bought AOL in 2015 and Yahoo in 2017.

more news about:

Comments

This forum is closed.

This forum is closed.

No messages

Page 1 of 1