SoftBank to sell US$21 billion in T-Mobile shares

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Japanese tech investment behemoth SoftBank Group said Tuesday it will sell T-Mobile shares worth over $21 billion as it sheds assets to shore up ...

A woman using a mobile phone walks past the logo of SoftBank Corp in Tokyo, Dec 18, 2014. TOKYO: Japanese tech investment behemoth SoftBank Group said Tuesday it will sell T-Mobile shares worth more than US$21 billion as it sheds assets to shore up its financial health.

Deutsche Telekom AG, which already holds a 43 per cent stake in the mobile firm, will have the option to buy an additional 101.5 million shares from SoftBank, the Japanese firm said.The series of planned transactions would leave SoftBank Group with less than one percent of the US carrier.

 

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