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
|NWIDA members, contact us today if you need our assistance and if you’re not yet a member, we invite you to join today.|
|Want news like this delivered to your inbox? Click HERE|
|Want news like this delivered to your Alexa Flash Briefing? Click HERE|
|Want news like this in your RSS feed? Click HERE|