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

SoftBank seeks to sell T-Mobile stake, paving exit from US telecoms

With focus on Vision Fund, full divestment would bring asset sale to $41bn target

SoftBank owns a 24% stake in T-Mobile, following the merger with group subsidiary Sprint.   © Reuters

TOKYO -- SoftBank Group has begun preparations to unload the bulk of its stake in U.S. mobile carrier T-Mobile as part of the Japanese tech conglomerate's 4.5 trillion yen ($41.9 billion) asset sale plan to fund share buybacks and debt reduction.

SoftBank owns about 300 million T-Mobile shares, or 24%, with a market value of around $31 billion based on Monday's closing price. The group is looking to raise $20 billion from the sale, U.S. news outlets report.

Sponsored Content

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

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

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