SoftBank Operating Profit Rises as Son Sees Sprint Revival
- Subscriber and average revenue continuing to grow in Japan
- Chairman Masayoshi Son sees more scope to cut Sprint costs
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SoftBank Group Corp.increased third quarter operating income 7.3 percent on new Japanese wireless customers as billionaire Chairman Masayoshi Son sees signs of a turnaround at its beleaguered U.S. unit Sprint Corp.
Operating profit rose to 189.6 billion yen ($1.65 billion) in the three months ended Dec. 31, the Tokyo-based company reported on Wednesday. Net income fell 88 percent to 2.3 billion yen.