Softbank sinks into quarterly loss on costs related to Internet services, slower handset sales

Softbank sinks into quarterly loss on costs related to Internet services, slower handset sales

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Softbank sinks into loss on Internet service
TOKYO — Softbank Corp., Japan’s third-biggest mobile carrier, said Thursday that it sank into a loss in the fiscal fourth quarter on one-time costs, including launching a superfast Internet service.

Softbank reported a net loss of 15.01 billion yen ($154.3 million) for the January-March period, a reversal from the 15.4 [...]

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