1. Sprint Reverse Stock Split

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Sprint Nextel (NYSE:S) Historical Stock Chart 3 Years: From Jan 2016 to Jan 2019 TOKYO—Japan's SoftBank Group Corp. Plans to separate itself into two companies, one focused on its slow-growing domestic telecommunications business and the other looking after its collection of overseas technology investments. Ex-Google executive and SoftBank President Nikesh Arora will lead the overseas management arm, the company said Monday, while Ken Miyauchi, who is in charge of SoftBank's Japanese mobile business, will be heading the domestic company. Both companies will be based in Japan.

The company said the reorganization is a part of its strategy to position its two core businesses as 'future growth drivers.' The plan also shows how SoftBank's investments in tech and Internet companies are becoming increasingly central to its operations. SoftBank's overseas holdings include an 80% stake in Sprint Corp., a 32% stake in Alibaba Group Holding Ltd. And investments in several other tech companies, including videogame developer Supercell. Chinese ride-hailing company Didi Kuaidi Joint Co. And Indian e-commerce company Snapdeal are also part of its vast portfolio.

Sprint Reverse Stock Split

SoftBank said its investment securities will be transferred to each company in phases. Those of global companies like Alibaba are projected to be transferred to the global operations company, led by Mr. Arora, while those of domestic subsidiaries including its mobile business and Yahoo Japan Corp. Are likely to be transferred to the domestic company. A SoftBank spokesman said the plan is a step on the road to SoftBank to becoming a global business, a process outlined in May 2015 when it said it would transform 'from a strong Japanese business with global assets, to a global business which will strive to create sustainable growth for the very long-term.' Write to Alexander Martin at alexander.martin@wsj.com (END) Dow Jones Newswires March 07, 2016 05:35 ET (10:35 GMT) Copyright (c) 2016 Dow Jones & Company, Inc.

Number of employees 30,000 (Q1 2016) (68%) Website Footnotes / references Sprint Corporation is an American that provides and is an. It is the fourth-largest in the United States and serves 54 million customers as of October 2017. The company also offers wireless voice, messaging, and broadband services through its various subsidiaries under the,, and brands, and wholesale access to its wireless networks to. The company is headquartered in. In July 2013, a majority of the company was purchased by Japanese telecommunications company, although the remaining shares of the company continue to trade on the.

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