SoftBank predicts $3 billion in savings at Sprint by 2017

05/9/2013 | Bloomberg Businessweek

SoftBank continued its campaign to convince Sprint Nextel shareholders to support the Japanese carrier's takeover bid, telling them in a government filing that the new company would save about $3 billion in operating costs each year by 2017 and enable Sprint to trim its capital spending budget by up to 36%. SoftBank President and CEO Masayoshi Son reportedly related those figures in a meeting with Sprint investors in New York. Sprint's board is backing SoftBank against a rival bid from DISH Network.

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