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SoftBank shares up after Sprint says to be cash-flow positive next year

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Reuters TOKYO

TOKYO (Reuters) - Shares of SoftBank Group Corp <9984.T> climbed in early trade on Tuesday after its unit Sprint Corp reported better-than-expected first-quarter revenue and said it expected to be cash-flow positive next fiscal year after breaking even this year.

SoftBank, which has a majority stake in the No. 4 U.S. wireless carrier, rose as much as 4.7 percent to 5,460 yen.

(Reporting by Ayai Tomisawa; Editing by Chang-Ran Kim)

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First Published: Jul 26 2016 | 5:54 AM IST

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