A PYMNTS Company

SoftBank May Sell T-Mobile Shares To Deutsche Telekom

 |  May 18, 2020

SoftBank Group Corp. is in talks to sell a significant portion of its T-Mobile US Inc. stake to controlling shareholder Deutsche Telekom AG as the Japanese technology conglomerate scrambles to raise funds.

The transaction, if completed, would boost Deutsche Telekom’s nearly 44% stake in T-Mobile above 50%, according to people familiar with the matter.

Full Content: Wall Street Journal

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.