ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business deals

Sprint and T-Mobile US to amend terms of long-awaited merger

Sprint owner SoftBank Group to reduce its major stake to 24%

T-Mobile and Sprint have spent more than seven years pursuing a consolidation.(Source photos by Reuters)

TOKYO -- SoftBank Group announced on Friday that its subsidiary Sprint and T-Mobile US will amend parts of their merger agreement, in a move to reflect the current stock value.

The Japanese conglomerate will reduce its major stake from 27.4% to 24% while the offer to other shareholders will remain the same. SBG will surrender around 48.8 million T-Mobile shares acquired in the merger, close to 14% of the shares received from the transaction, to the new company immediately after closing the deal.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more