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SoftBank profit disappoints as it works on Sprint

2015-11-04 10:21:55| IT Services - Topix.net

Japan's SoftBank Group Corp. on Wednesday reported weaker-than-expected net profit for its fiscal second quarter, as it works to turn around Sprint Corp., the struggling U.S. wireless carrier it acquired in 2013. The Japanese telecommunications and Internet giant posted a net profit of Yen213 billion, which was below analyst expectations for Yen262 billion.

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