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Masayoshi Son

Latest Headlines

Latest Headlines

SoftBank's Son predicts a 'V-shaped recovery' for Sprint

SoftBank founder Masayoshi Son credited Sprint's dramatic budget cuts as helping raise SoftBank's operating profit by 8.8 percent in its recently completed fiscal year. But doubts about the U.S. carrier's ability to weather a brutal financial storm linger.

SoftBank's split into two companies could protect Japanese business from Sprint's struggles

Japan's SoftBank said it would separate its domestic wireless business from its majority stake in Sprint and other overseas businesses.

Sprint hopes to secure as much as $5B from mortgaging spectrum and network gear

Sprint Chairman Masayoshi Son plans to create a subsidiary of SoftBank that will accept some of the carrier's network gear and spectrum as collateral for billions in loans this year, as outlined in a new report from  Bloomberg.

SoftBank's Son: Sprint is 'showing definitive signs of a turnaround'

Sprint "is showing definitive signs of a turnaround," SoftBank Chairman Masayoshi Son said, according to Bloomberg. And its budget will continue to get leaner.

Sprint's financial woes spark 18% drop in SoftBank stock

Sprint's struggles are beginning to take a toll on parent company SoftBank.

SoftBank's Son confirms Sprint to cut 'thousands' of jobs in new restructuring plan

Sprint plans to cut thousands of more jobs as part of its effort to slash at least $2 billion in operating expenses from the business, according to Sprint Chairman and SoftBank CEO Masayoshi Son. Sprint CEO Marcelo Claure said he has been very direct with employees about the need to slash costs in a bid to get back to profitability, something Sprint hasn't really achieved in 11 years.

Sprint's credit ratings get downgraded by Moody's amid unease about its long-term turnaround prospects

Sprint CEO Marcelo Claure and Chairman Masayoshi Son have spent the last month and a half proclaiming that they have faith in Sprint and its turnaround efforts, with SoftBank snapping up shares in a show of confidence. However, some in the investment community are not as sure, and Moody's Investors Service downgraded its credit ratings on Sprint, saying that the carrier is not doing enough to right itself.

Sprint's Claure: Network improvement, awards in Denver are a harbinger of things to come nationwide

LAS VEGAS-- Sprint CEO Marcelo Claure said that the carrier's recent improvement of its network in Denver-- and network testing firm RootMetrics' determination that it provided the fastest network there and virtually tied Verizon Wireless for overall network performance – is a sign of things to come as the carrier revamps its network.

Sprint conspicuously absent from LTE-U debate

While the other big U.S. nationwide wireless operators have lodged their opinions in the great LTE-Unlicensed (LTE-U)/Licensed Assisted Access (LAA) debate, Sprint has been quiet on the topic. Of course, it's got plenty of other things going on, but it's somewhat curious because the company plays in both the Wi-Fi and LTE camps.

SoftBank's share purchases help buoy Sprint's stock and boost market value by $6.7B

Sprint parent SoftBank's recent purchases of the carrier's shares have boosted its stock price up around 50 percent since before starting the buying spree in August. The share purchases are a reflection of SoftBank's confidence and have added $6.7 billion to Sprint's market value since Aug. 7.