SoftBank aiming to sell another part of T-Mobile US stake - report

Tuesday, 19. May 2020 02:09

SoftBank Group Corp. is looking to sell an additional portion of its T-Mobile US Inc. stake via a secondary offering, CNBC reported, citing unnamed sources.

The offering will be underwritten by Morgan Stanley and Goldman Sachs Group Inc. and will include a "sizable chunk" of the SoftBank's stake, unrelated to a possible transaction with Deutsche Telekom AG, according to the report.

It was reported yesterday that a potential deal between the Japanese conglomerate and Deutsche Telekom would result in the German company owning more than 50% of T-Mobile US.

Related Links: T-Mobile US, Inc.Softbank Group Corporation
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Breaking the News / MS