T-Mobile, Sprint amend merger terms, Japan's SoftBank takes a hit

REUTERS/Issei Kato

T-Mobile US and Sprint Corp said on Thursday that they had agreed on new merger terms that would reduce the stake of major Sprint shareholder SoftBank, while leaving the offer to other shareholders unchanged.

Under the revised deal, SoftBank will hold about 24% of the combined entity, down from 27% under the earlier terms. T-Mobile‘s parent Deutsche Telekom will hold about 43% of the combined entity, up from the 42% that the German group would have held.

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