SoftBank Group Corp. Announces Intention to Increase Stake in Sprint
2017年11月6日 - 7:00AM
ビジネスワイヤ(英語)
SoftBank Group Corp. (“SBG”) announced today that it intends to
increase its stake in Sprint Corporation (“Sprint”) (NYSE: S)
through open market transactions or otherwise, subject to market
conditions and other factors. SBG does not intend to increase
its ownership of Sprint outstanding common stock to 85% or more as
a result of these purchases.
Masayoshi Son, Chairman & CEO of SBG and Chairman of Sprint,
said, “We are entering an era where billions of new connected
devices and sensors will come online throughout the United States.
Continuing to own a world class mobile network is central to our
vision of ubiquitous connectivity. Sprint is a critical part of our
plan to ensure that we can deliver our vision to American consumers
and we are very confident in its future.”
On November 4, 2017, Sprint announced that discussions regarding
a potential merger with T-Mobile (NASDAQ: TMUS) have ended without
an agreement being reached.
About the SoftBank Group
The SoftBank Group is a global technology player that aspires to
drive the Information Revolution. The SoftBank Group is comprised
of the holding company SoftBank Group Corp. (TOKYO: 9984) and its
global portfolio of companies, which includes advanced
telecommunications, internet services, AI, smart robotics, IoT and
clean energy technology providers. In September 2016, Arm Holdings
plc, the world's leading semiconductor IP company, joined the
SoftBank Group. In May 2017, the SoftBank Vision Fund, which
invests globally in the businesses and technologies that will
enable the next stage of the Information Revolution, had its first
major close with over USD 93 billion in committed capital. To learn
more, please visit www.softbank.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171105005108/en/
MediaJapan:SoftBank GroupSoftBank Group Corp. Corporate
Communications+81 3 6889 2300sbpr@softbank.co.jporUS:Sard Verbinnen
& CoJim Barron/Benjamin
Spicehandler+1-212-687-8080SoftBank-SVC@sardverb.com