On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1360 AM Northeast, WI 97.5 FM Green Bay, WI

Weather

Current Conditions(Green Bay,WI 54303)

More Weather »
60° Feels Like: 60°
Wind: WSW 6 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Clear 56°

Tomorrow

Isolated Thunderstorms 77°

Wed Night

Clear 56°

Alerts

Japan's Softbank plans $8.8 billion in capex this fiscal year

Pedestrians walk past a Softbank Corp branch in Tokyo October 15, 2012. REUTERS/Yuriko Nakao
Pedestrians walk past a Softbank Corp branch in Tokyo October 15, 2012. REUTERS/Yuriko Nakao

TOKYO (Reuters) - Japan's Softbank said on Wednesday it plans 700 billion yen ($8.8 billion) if capital expenditure in the year to next March 31.

Softbank, which announced this month it would buy a 70 percent stake in Sprint Nextel Corp, the third-largest U.S. carrier, said it plans capex of 550 billion yen ($6.9 billion) in following year to March 2014.

(Reporting by Mari Saito; Editing by Michael Watson)

Comments