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SoftBank says will not consolidate Sprint's $2 billion impairment charge
2015-02-05 19:56:19| Telecom - Topix.net
Japan's SoftBank Corp said on Thursday it would not recognise in its consolidated financial statements the $2.1 billion impairment charge made by its majority-owned U.S. telecoms network operator Sprint Corp , because of differing accounting standards. Earlier Sprint said the charge included a $1.9 billion reduction associated with the Sprint trade name and about $200 million reduction in the carrying value of its wireline network assets.
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Category:Telecommunications