Sony Looking to Raise Capital for Image Sensor Business
Sony plans to issue new shares of stock for the first time in 26 years as it hopes to raise about $4 billion in capital. The company said it will spend the money on bolstering its image sensor business, which is seeing high demand from smartphone and tablet makers. Sony's image sensor business, along with its PlayStation unit, have helped push the company back to its feet in recent quarters. Earlier this year, Sony said it would ramp up production in its image sensor plants, but now admits that it is struggling to keep up with demand. The capital plan marks a wholesale change in strategy for Sony, which will now bank on the image sensor and PlayStation businesses to keep it afloat. Sony said it will continue to make other electronic devices, such as TVs, but it will reduce its investments in such products. Sony did not specifically address what it will do about its smartphone operations.
Nov 7, 2019
T-Mobile today announced plans to offer three new programs offering 5G service for free to certain groups, or cheaply for everyone else. The company is promising to launch the programs when and if it is allowed to merge with Sprint.
Nov 29, 2018
T-Mobile has rolled out a digital banking service called T-Mobile Money. T-Mobile says T-Mobile Money is available to T-Mobile customers as well as non-customers.
Apr 29, 2018
T-Mobile and Sprint today announced plans to merge in an all-stock deal that will create a "New T-Mobile" worth $146 billion. The new company's combined radio spectrum assets will allow it to accelerate deployment of 5G technology.
Jan 15, 2018
SoftBank Group, the parent company of Sprint, is weighing whether or not to offer shares in its own Japan-based wireless company. Under the direction of CEO Masayoshi Sun, SoftBank has transformed itself in recent years into an investor in technology companies.