SoftBank Group Corp is in talks to sell “a significant portion” of its T-Mobile US stake to controlling shareholder Deutsche Telekom AG, the Wall Street Journal reported on Monday, citing unidentified sources. A deal would see Deutsche Telekom’s stake in the carrier, which merged with SoftBank’s wireless unit Sprint last month, rise above 50%, the newspaper reported. It did not say how much of SoftBank’s 24% stake in T-Mobile US the Japanese conglomerate was planning to sell down, nor how much it would raise for it. …read more
Source:: Yahoo Finance
