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Last Updated : May 18, 2020 10:45 AM IST | Source: Reuters

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

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.


SoftBank Group Corp is in talks to sell "a significant portion" of its T-Mobile U.S. 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.

SoftBank and Deutsche Telekom were not immediately available for comment.

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First Published on May 18, 2020 10:35 am
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