AT&T (T -1.1%) and Verizon (VZ -1.1%) edge lower after Sprint (S +0.2%) and SoftBank...
Oct 15 2012, 10:18 ET
AT&T (T -1.1%) and Verizon (VZ -1.1%) edge lower after Sprint (S +0.2%) and SoftBank (SFTBF.PK) make their deal official - shares had already fallen a bit on Thursday following initial reports about the deal. In the PR announcing the acquisition, SoftBank CEO Masayoshi Son bragged about his company's success in taking Japanese mobile share by "by introducing differentiated products to an incumbent-led market." SoftBank fell 4.9% in Tokyo today, adding to Friday's big losses. (more)