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Softbank cuts profit forecast

TOKYO, Japan - Masayoshi Son (R), president of Softbank Corp., announces the company's earnings forecast for fiscal 2014 at a press conference in Tokyo on Nov. 4, 2014. Softbank cut its group operating profit forecast for the year through March 2015 to 900 billion yen from 1 trillion yen, citing a slump at its U.S. mobile unit Sprint Corp.

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Softbank's new smartphone has same specs in Japan, U.S.

TOKYO, Japan - Softbank Corp. unveils a new smartphone series in Tokyo on Aug. 18, 2014, having the same specifications in Japan and the United States. The Aquos Crystal handset has been developed jointly with U.S. subsidiary Sprint Corp. for sale in the two countries to cut procurement costs.

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Sprint needs to improve business on its own: Son

TOKYO, Japan - Softbank Corp. CEO and Sprint Corp. Chairman Masayoshi Son attends a press conference in Tokyo, Japan, on Aug. 8, 2014. Son said the U.S. company needs to improve its business on its own following news reports that the Japanese communications giant is suspending negotiations to acquire No. 4 U.S. mobile carrier T-Mobile US Inc.

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Sprint needs to improve business on its own: Son

TOKYO, Japan - Softbank Corp. CEO and Sprint Corp. Chairman Masayoshi Son attends a press conference in Tokyo, Japan, on Aug. 8, 2014. Son said the U.S. company needs to improve its business on its own following news reports that the Japanese communications giant is suspending negotiations to acquire No. 4 U.S. mobile carrier T-Mobile US Inc.

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SoftBank group posts record profit of 527.04 bil yen

TOKYO, Japan - Masayoshi Son, chairman and chief executive officer of SoftBank Corp., briefs reporters on the company's financial results at a press conference in Tokyo on May 7, 2014. For the past year to March 31, SoftBank's group net profit surged 41.5 percent from a year earlier to a record 527.04 billion yen due to a rise in subscriptions and purchase of the third-biggest U.S. telecom carrier Sprint Nextel Corp.

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Sprint Nextel shop

NEW YORK, United States - Photo shows a shop in New York operated by Sprint Nextel Corp., the third biggest U.S. cellphone company, on July 10, 2013. Softbank Corp. said the same day it has completed the $21.6 billion (about 1.8 trillion yen) acquisition of Sprint Nextel, giving birth to the world's third largest mobile phone carrier.

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Sprint Nextel

OVERLAND PARK, United States - Sprint Nextel Corp. holds a shareholders' meeting in Overland Park, Kansas, on June 25, 2013. The shareholders approved Softbank Corp.'s offer to acquire the third largest U.S. mobile carrier for $21.6 billion, paving the way for the Japanese carrier to enter the U.S. wireless market.

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Sprint Nextel

OVERLAND PARK, United States - Photo taken on June 24, 2013, shows the headquarters of Sprint Nextel Corp. in Overland Park, Kansas. Shareholders of Sprint Nextel Corp. on June 25, 2013, approved Softbank Corp.'s offer to acquire the third largest U.S. mobile carrier for $21.6 billion, paving the way for the Japanese carrier to enter the U.S. wireless market.

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Softbank to pay $20 bil. to acquire 70% of Sprint Nextel

TOKYO, Japan - Softbank Corp. Chairman and Chief Executive Officer Masayoshi Son attends a news conference in Tokyo on Oct. 15, 2012. Softbank said the same day it will pay $20.1 billion to acquire a 70 percent stake in major U.S. cellular phone company Sprint Nextel Corp. in what will be one of the largest overseas acquisitions by a Japanese firm and creates the world's third-largest cellphone carrier by sales.

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Softbank to pay $20 bil. to acquire 70% of Sprint Nextel

TOKYO, Japan - Softbank Corp. Chairman and Chief Executive Officer Masayoshi Son (L) shakes hands with Sprint Nextel Corp. Chief Executive Officer Dan Hesse at a news conference in Tokyo on Oct. 15, 2012. Softbank said the same day it will pay $20.1 billion to acquire a 70 percent stake in major U.S. cellular phone company Sprint Nextel in what will be one of the largest overseas acquisitions by a Japanese firm and creates the world's third-largest cellphone carrier by sales.

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Softbank to pay $20 bil. to acquire 70% of Sprint Nextel

TOKYO, Japan - Softbank Corp. Chairman and Chief Executive Officer Masayoshi Son (L) and Sprint Nextel Corp. Chief Executive Officer Dan Hesse attend a news conference in Tokyo on Oct. 15, 2012. Softbank said the same day it will pay $20.1 billion to acquire a 70 percent stake in major U.S. cellular phone company Sprint Nextel in what will be one of the largest overseas acquisitions by a Japanese firm and creates the world's third-largest cellphone carrier by sales.

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Softbank to pay $20 bil. to acquire 70% of Sprint Nextel

TOKYO, Japan - Softbank Corp. Chairman and Chief Executive Officer Masayoshi Son (R) and Sprint Nextel Corp. Chief Executive Officer Dan Hesse attend a news conference in Tokyo on Oct. 15, 2012. Softbank said the same day it will pay $20.1 billion to acquire a 70 percent stake in major U.S. cellular phone company Sprint Nextel in what will be one of the largest overseas acquisitions by a Japanese firm and creates the world's third-largest cellphone carrier by sales.

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Softbank to purchase 70% stake in Sprint: reports

NEW YORK, United States - Photo shows a retail outlet of Sprint Nextel Corp. in New York on Oct. 12, 2012. U.S. media reported on Oct. 14, 2012, that Japan's Softbank Corp. and Sprint Nextel have reached a deal under which Japan's third-largest mobile phone carrier will pay $20 billion to acquire a 70 percent stake in the third-largest U.S. cellular phone company.

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MCI WorldCom, Sprint to merge

NEW YORK, United States - Bernard J. Ebbers (R), president and CEO of MCI WorldCom, and William T. Esrey, chairman and CEO of Sprint Corp., speak at a news conference in New York on Oct. 5 following the announcement of a merger agreement between the second and third biggest U.S. long-distance carriers.

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Sprint needs to improve business on its own: Son

TOKYO, Japan - Softbank Corp. CEO and Sprint Corp. Chairman Masayoshi Son attends a press conference in Tokyo, Japan, on Aug. 8, 2014. Son said the U.S. company needs to improve its business on its own following news reports that the Japanese communications giant is suspending negotiations to acquire No. 4 U.S. mobile carrier T-Mobile US Inc. (Kyodo)

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SoftBank doubles group net profit in April-December

SoftBank Group Corp. Chief Executive Officer Masayoshi Son attends a press conference at a Tokyo hotel on Feb. 8, 2017. SoftBank Group's consolidated net profit roughly doubled in the April to September period from a year earlier to 857.43 billion ($7.64 billion), helped by solid telecommunications business and improving profitability at its U.S. subsidiary Sprint Corp. (Kyodo) ==Kyodo

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SoftBank doubles group net profit in April-December

SoftBank Group Corp. Chief Executive Officer Masayoshi Son attends a press conference at a Tokyo hotel on Feb. 8, 2017. SoftBank Group's consolidated net profit roughly doubled in the April to September period from a year earlier to 857.43 billion ($7.64 billion), helped by solid telecommunications business and improving profitability at its U.S. subsidiary Sprint Corp. (Kyodo) ==Kyodo

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SoftBank doubles group net profit in April-December

SoftBank Group Corp. Chief Executive Officer Masayoshi Son attends a press conference at a Tokyo hotel on Feb. 8, 2017. SoftBank Group's consolidated net profit roughly doubled in the April to September period from a year earlier to 857.43 billion ($7.64 billion), helped by solid telecommunications business and improving profitability at its U.S. subsidiary Sprint Corp. (Kyodo) ==Kyodo

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SoftBank doubles group net profit in April-December

SoftBank Group Corp. Chief Executive Officer Masayoshi Son attends a press conference at a Tokyo hotel on Feb. 8, 2017. SoftBank Group's consolidated net profit roughly doubled in the April to September period from a year earlier to 857.43 billion ($7.64 billion), helped by solid telecommunications business and improving profitability at its U.S. subsidiary Sprint Corp. (Kyodo) ==Kyodo

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Sprint, T-Mobile US strike deal on merger

Photo taken in September 2017 shows an outlet of T-Mobile US Inc. in New York. The Deutsche Telekom AG subsidiary has agreed to merge with SoftBank Group Corp.'s U.S. wireless carrier unit Sprint Corp. (Kyodo) ==Kyodo

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Sprint, T-Mobile US strike deal on merger

Photo taken in September 2017 shows an outlet of Sprint Corp. in New York. The SoftBank Group Corp. wireless carrier unit has agreed to merge with Deutsche Telekom AG's subsidiary T-Mobile US Inc. (Kyodo) ==Kyodo

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SoftBank's Sprint, T-Mobile US call off merger talks

A customer enters a shop operated by Deutsche Telekom AG's subsidiary T-Mobile US Inc. in New York on Nov. 4, 2017. T-Mobile US and SoftBank Group Corp.'s U.S. wireless carrier unit Sprint Corp. said they have called off merger talks as they were "unable to find mutually agreeable terms." (Kyodo) ==Kyodo

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SoftBank's Sprint, T-Mobile US call off merger talks

People walk past a shop operated by SoftBank Group Corp.'s U.S. wireless carrier unit Sprint Corp. in New York on Nov. 4, 2017. Sprint and Deutsche Telekom AG's subsidiary T-Mobile US Inc. said they have called off merger talks as they were "unable to find mutually agreeable terms." (Kyodo) ==Kyodo

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SoftBank posts record 1.4 tril. yen net profit in FY 2016

SoftBank Group Corp. Chief Executive Officer Masayoshi Son attends a press conference at a Tokyo hotel on May 10, 2017. SoftBank's group net profit in the year ended March 31 more than tripled from a year earlier to a record 1.43 trillion yen ($12.5 billion), reflecting the improving profitability of U.S. unit Sprint Corp. and strength in its domestic telecommunications business. (Kyodo) ==Kyodo

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SoftBank posts record 1.4 tril. yen net profit in FY 2016

SoftBank Group Corp. Chief Executive Officer Masayoshi Son attends a press conference at a Tokyo hotel on May 10, 2017. SoftBank's group net profit in the year ended March 31 more than tripled from a year earlier to a record 1.43 trillion yen ($12.5 billion), reflecting the improving profitability of U.S. unit Sprint Corp. and strength in its domestic telecommunications business. (Kyodo) ==Kyodo

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SoftBank posts record 1.4 tril. yen net profit in FY 2016

SoftBank Group Corp. Chief Executive Officer Masayoshi Son attends a press conference at a Tokyo hotel on May 10, 2017. SoftBank's group net profit in the year ended March 31 more than tripled from a year earlier to a record 1.43 trillion yen ($12.5 billion), reflecting the improving profitability of U.S. unit Sprint Corp. and strength in its domestic telecommunications business. (Kyodo) ==Kyodo

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SoftBank posts record 1.4 tril. yen net profit in FY 2016

SoftBank Group Corp. Chief Executive Officer Masayoshi Son attends a press conference at a Tokyo hotel on May 10, 2017. SoftBank's group net profit in the year ended March 31 more than tripled from a year earlier to a record 1.43 trillion yen ($12.5 billion), reflecting the improving profitability of U.S. unit Sprint Corp. and strength in its domestic telecommunications business. (Kyodo) ==Kyodo

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SoftBank posts record 1.4 tril. yen net profit in FY 2016

SoftBank Group Corp. Chief Executive Officer Masayoshi Son attends a press conference at a Tokyo hotel on May 10, 2017. SoftBank's group net profit in the year ended March 31 more than tripled from a year earlier to a record 1.43 trillion yen ($12.5 billion), reflecting the improving profitability of U.S. unit Sprint Corp. and strength in its domestic telecommunications business. (Kyodo) ==Kyodo

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SoftBank posts record 1.4 tril. yen net profit in FY 2016

SoftBank Group Corp. Chief Executive Officer Masayoshi Son attends a press conference at a Tokyo hotel on May 10, 2017. SoftBank's group net profit in the year ended March 31 more than tripled from a year earlier to a record 1.43 trillion yen ($12.5 billion), reflecting the improving profitability of U.S. unit Sprint Corp. and strength in its domestic telecommunications business. (Kyodo) ==Kyodo

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SoftBank posts record 1.4 tril. yen net profit in FY 2016

SoftBank Group Corp. Chief Executive Officer Masayoshi Son attends a press conference at a Tokyo hotel on May 10, 2017. SoftBank's group net profit in the year ended March 31 more than tripled from a year earlier to a record 1.43 trillion yen ($12.5 billion), reflecting the improving profitability of U.S. unit Sprint Corp. and strength in its domestic telecommunications business. (Kyodo) ==Kyodo

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SoftBank's group net profit jumps 79.6% in April-Sept.

SoftBank Group Corp. Chief Executive Officer Masayoshi Son speaks in a press conference in Tokyo on Nov. 7, 2016, after releasing the company's earnings results for the first half of fiscal 2016. SoftBank said its group net profit surged 79.6 percent in the April-September period from a year earlier to 766.25 billion yen ($7.3 billion), boosted by its favorable telecommunications business amid signs of improving earnings at U.S. subsidiary Sprint Corp. (Kyodo) ==Kyodo

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SoftBank CEO confident about Sprint's recovery, ARM takeover

SoftBank Group Corp. Chief Executive Officer Masayoshi Son briefs reporters on the company's group financial results during the April-June period at a press conference in Tokyo on July 28, 2016. Son said his growing confidence in an earnings recovery by U.S. mobile communication subsidiary Sprint Corp. prompted him to pursue the takeover of Britain's semiconductor designer ARM Holdings plc. (Kyodo) ==Kyodo

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SoftBank CEO confident about Sprint's recovery, ARM takeover

SoftBank Group Corp. Chief Executive Officer Masayoshi Son briefs reporters on the company's group financial results during the April-June period at a press conference in Tokyo on July 28, 2016. Son said his growing confidence in an earnings recovery by U.S. mobile communication subsidiary Sprint Corp. prompted him to pursue the takeover of Britain's semiconductor designer ARM Holdings plc. (Kyodo) ==Kyodo

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MCI WorldCom, Sprint to merge

NEW YORK, United States - Bernard J. Ebbers (R), president and CEO of MCI WorldCom, and William T. Esrey, chairman and CEO of Sprint Corp., speak at a news conference in New York on Oct. 5 following the announcement of a merger agreement between the second and third biggest U.S. long-distance carriers.