{"id":27511,"date":"2020-05-18T11:24:39","date_gmt":"2020-05-18T11:24:39","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=281252"},"modified":"2020-05-18T11:24:39","modified_gmt":"2020-05-18T11:24:39","slug":"softbank-mulls-t-mobile-us-stake-cut","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2020\/05\/18\/softbank-mulls-t-mobile-us-stake-cut\/","title":{"rendered":"SoftBank mulls T-Mobile US stake cut"},"content":{"rendered":"

<\/p>\n

\tSoftBank Group opened talks with Deutsche Telekom to sell a significant proportion of its stake in T-Mobile US, The Wall Street Journal (WSJ) reported, less than two months [1] after the completion of a big-money merger involving its subsidiary Sprint.<\/p>\n

WSJ did not confirm the number of shares on the table or potential cost of the stake, however the move is said to be part of a wider fundraising effort and was reported on the same day SoftBank revealed a record annual loss [2] in the year to end-March.<\/p>\n

When the deal to merge Sprint with T-Mobile was completed on 1 April, SoftBank held a 24 per cent share of the [3] combined business, Deutsche Telekom a controlling 42 per cent stake and the remainder in circulation among public shareholders.<\/p>\n

The division of the company was a slight revision from the original agreement [4], with a change agreed following weakness in the performance of Sprint during the lengthy merger approval process. The updated deal included a clause allowing SoftBank to claim additional shares from Deutsche Telekom if a number of targets were met.<\/p>\n

Media speculation on the future of SoftBank\u2019s stake in T-Mobile comes at a time of financial turbulence for the Japanese conglomerate, with its performance impacted by the value of some investments held in its once-vaunted Vision Fund [5] among other impacts.<\/p>\n

In March, it announced plans to sell almost $41 billion-worth of assets [6] to strengthen its balance sheet and cut debt.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/legere-leaves-as-t-mobile-sprint-complete-merger\/
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/softbank-suffers-record-loss-on-vision-fund-woes\/
\n[3] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/t-mobile-sprint-merger-amended\/
\n[4] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/t-mobile-to-lead-combined-co-in-sprint-merger\/
\n[5] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/son-unveils-softbank-investment-master-plan\/
\n[6] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/softbank-to-offload-41b-in-assets-to-cut-debt\/<\/p>\n\n

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SoftBank Group opened talks with Deutsche Telekom to sell a significant proportion of its stake …<\/p>\n

The post SoftBank mulls T-Mobile US stake cut<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":246,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"SoftBank mulls T-Mobile US stake cut - ITTeacherITFreelance.hk","description":"SoftBank Group opened talks with Deutsche Telekom to sell a significant proportion of its stake ... The post SoftBank mulls T-Mobile US stake cut appeared first"},"footnotes":""},"categories":[11,8,21],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/27511"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/246"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=27511"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/27511\/revisions"}],"predecessor-version":[{"id":27512,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/27511\/revisions\/27512"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=27511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=27511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=27511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}