Softbank to sell stake in T-Mobile

This post was originally published on this site

Softbank is to sell its stake in T-Mobile following T-Mobile’s purchase of Softbank’s US telco Sprint earlier this year. Softbank will reduce its 24% stake in T-Mobile to 0.4% in two transactions, First it will sell up to 198 million shares worth $21 billion to T-Mobile. Second, it will give Deutsche Telekom, T-Mobile’s parent company, …

This story continues at Softbank to sell stake in T-Mobile

Or just read more coverage at Electronics Weekly