SoftBank in talks to sell down T-Mobile US stake to Deutsche Telekom: Report

Photographer: Kiyoshi Ota/Bloomberg

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 report said.

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