Sprint, having posted its first quarterly profit in years, “has turned around,” its chairman and principal owner said.
Masayoshi Son, whose Toyko-based SoftBank Group Corp. owns more than 80 percent of Sprint’s shares, declared the turnaround during an interview with Bloomberg Media’s David Rubenstein.
“It’s profitable now,” Son said during a wide-ranging conversation on “The David Rubenstein Show: Peer-to-Peer Conversations.”
Sprint had said in August that it earned a $206 million profit in April, May and June. The Overland Park, Kansas-based wireless company also added customers during the quarter.
An update to Sprint’s finances and customer counts is expected later this month. Son’s comments strongly suggest that the company also will show a profit in the new quarter, which covers July, August and September.
Read more: Kansas City Star