SoftBank said Wednesday its nine-month net profit soared 58 percent thanks to strong iPhone sales, but third-quarter earnings suffered because of losses in its newly acquired Sprint Nextel unit.
Sprint Nextel, the third largest U.S. wireless carrier, is now under the control of the Japanese investment firm SoftBank.
Sprint has completed its acquisition of wireless network operator Clearwire Corp.
The Federal Communications Commission says it approved Softbank Corp.'s bid for Sprint Nextel Corp.
A New York judge has refused to dismiss the state attorney general's lawsuit claiming back sales taxes and triple damages from Sprint.
Sprint Nextel Corp.'s shareholders on Tuesday approved SoftBank Corp.'s acquisition of the bulk of the wireless carrier company.
Satellite TV operator Dish Network Corp. is officially abandoning its efforts to acquire Sprint Nextel Corp.
The flamboyant founder of Japanese telco SoftBank, which is close to a $21.6 billion takeover of US firm Sprint Nextel, on Friday added a new goal to his lofty agenda: creating the world's biggest company.
Satellite TV operator Dish Network Corp. said Tuesday it would not submit a revised bid for Sprint, leaving the path open for the wireless carrier to accept what it already considers a superior offer from Japan's Softbank.
Clearwire says it plans to delay a stockholder vote on Sprint's offer to buy the half of the wireless network operator that it doesn't already own.