By Teppei Kasai TOKYO (Reuters) - Japan's SoftBank Corp said third-quarter operating profit slid nearly 6 percent, missing estimates, as the ambitious mobile telecom firm continues to soak up the cost of trying to turn around loss-making U.S. unit Sprint Corp. SoftBank, which launched a surprise takeover of the number 3 U.S. carrier for more than $20 billion in 2012, said on Tuesday its October-December operating profit was 191.4 billion yen ($1.6 billion), down from 203.4 billion yen a year ago. Sprint, 80 percent-owned by SoftBank, is now locked in intense, profit-sapping competition with larger rivals AT&T Inc and Verizon Communications Inc. SoftBank bought the business to expand outside Japan's sluggish economy, but Sprint has undergone a long-haul revamping of its network, shedding thousands of jobs and triggering a mass exodus of subscribers. "Overall, SoftBank is doing well, but with Sprint...being in a tough situation, I think it will have a long battle to fight," Masayoshi Son, chief executive of Japan's third-biggest mobile carrier by subscriber numbers, told reporters in Tokyo.
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