No sooner do we report on one of the last pieces of the Sprint/T-Mobile merger (see here) but now we learn that Softbank (Sprint’s owner – and owner of 24% of the “new T-Mobile) is looking to SELL a large part of that share.
SoftBank has opened talks with Deutsche Telekom to sell a significant proportion of its stake in T-Mobile US,
We don’t know the exact number of shares or potential cost of the stake, but the move is said to be part of a wider fundraising effort and was reported on the same day SoftBank revealed a record loss in the year.
Read the entire article here
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