Why SoftBank's (9984 JP) Holdco Discount Is Narrowing

Sprint and T-Mobile US Attempt to Merge Again, but Regulatory Approval Is No Shoo-In

SoftBank’s 3Q Slightly Below Expectations on Domestic Telecoms & ARM

Sprint & T-Mobile Agree To Merge - Game On!

Leading Independent Investment Research, Morningstar, Inc.

Morningstar

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Morningstar, Inc.

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Event-Driven

<p>We lift our <a href="https://www.smartkarma.com/entities/315" target="_blank" data-smartkarma-citation="entities:315:1">Softbank Group Corp (9984 JP)</a> fair value estimate to JPY 12,300 per share from JPY 11,900 per share, on the back of the announced merger agreement between <a href="https://www.smartkarma.com/entities/921" target="_blank" data-smartkarma-citation="entities:921:1">Sprint Corp (S US)</a> and <a href="https://www.smartkarma.com/entities/922" target="_blank" data-smartkarma-citation="entities:922:1">T Mobile Us Inc (TMUS US)</a>. In assessing the Sprint-T-Mobile merger we apply a 50% chance that the merger will attain regulatory approval and we factor in around 50% of the mooted USD 43 billion of synergy benefits to the combined T-Mobile group. Our experience has been that not all those savings will be kept…</p>

We lift our Softbank Group Corp (9984 JP) fair value estimate to JPY 12,300 per share from JPY 11,900 per share, on the back of the announced merger agreement between Sprint Corp (S US) and T Mobile Us Inc (TMUS US). In assessing the Sprint-T-Mobile merger we apply a 50% chance that the merger will attain regulatory approval and we factor in around 50% of the mooted USD 43 billion of synergy benefits to the combined T-Mobile group. Our experience has been that not all those savings will be kept…

SoftBank to Benefit from Sprint T-Mobile Merger if It Goes Ahead; FVE Increased to JPY 12,300