SoftBank’s FVE Increased as Sprint Looks more Likely to Merge & Alibaba Value is Maintained
SoftBank Group’s key Sprint investment has received some encouraging news having gained the support of the Federal Communications Commission, or FCC, Chairman for its proposed merger with T-Mobile. With the approval of the Justice Department still required we raise our expected probability of a successful merger to 75% from 50% previously thereby increasing our fair value estimate for Sprint to USD 7.20 per share from USD 5.60.Given SoftBank owns 84% of Sprint, we raise our SoftBank fair value ...
SoftBank Group is a holding company. Domestic Telecommunications business provides mobile communication services, mobile devices, broadband services to retail customers, and telecom services to corporate customers in Japan. Sprint business provides mobile communication services and fixed-line telecommunication services in the U.S. Yahoo Japan business operates Internet-based advertising and e-commerce business. Distribution business distributes mobile devices overseas, and sells software and mobile device accessories in Japan. ARM business designs microprocessor intellectual property and related technology. SoftBank Vision Fund & Delta Fund business is engaged in the investment activities.
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