Many Options on Table for Sprint, Wells Fargo Says
SoftBank is exploring many options for subsidiary Sprint, said Wells Fargo analyst Jennifer Fritzsche Wednesday in a research note. She cited SoftBank Chairman Masa Son’s comments that day in a financial results presentation, in which Son said the company’s many…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
options include buying or selling with T-Mobile or a different company. The comments prompted some to ask if Sprint is a seller, Fritsche said. “We don't know the answer but it is hard for us to see Softbank taking a minority position in a combined entity given the momentum in Sprint is only just being seen, in our view (even in a period of limited capital spending),” the analyst wrote. “In any negotiations, Sprint would be in a position of strength given the significant spectrum asset value to any potential combination.” Last week, Sprint Chief Financial Officer Tarek Robbiati said the carrier may need a transaction to get the size to compete with AT&T and Verizon (see 1701310046).