(Reuters) - After Softbank's 1.8 trillion yen purchase of
Vodafone's Japanese mobile phone arm last year, solid
profit growth at the unit and gains on bigger rivals NTT DoCoMo
Inc. and KDDI Corp. have spurred a spread
rally.
"Softbank's good performance, such as becoming the biggest
net gainer of users among Japanese cellphone operators in May, is
supporting bullish sentiment for the firm's CDS," said Mana
Nakazora, head of credit research at JPMorgan Securities.
Read more at Reuters.com Bonds News
Vodafone's Japanese mobile phone arm last year, solid
profit growth at the unit and gains on bigger rivals NTT DoCoMo
Inc. and KDDI Corp. have spurred a spread
rally.
"Softbank's good performance, such as becoming the biggest
net gainer of users among Japanese cellphone operators in May, is
supporting bullish sentiment for the firm's CDS," said Mana
Nakazora, head of credit research at JPMorgan Securities.
Read more at Reuters.com Bonds News
No comments:
Post a Comment