ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
SoftBank

SoftBank to reap more than $20bn from T-Mobile sale

Tech conglomerate eyes profit near $4bn following April merger with Sprint

 SoftBank CEO Masayoshi Son speaks at a news conference in Tokyo in February. (Photo by Yuki Kohara) 

TOKYO -- SoftBank Group said Wednesday it will sell most of its stake in U.S. telecom carrier T-Mobile for $103 per share, bringing the Japanese technology group a $20 billion windfall a day before a closely watched shareholders meeting.

The pricing for the sale was a 3.9% discount to T-Mobile's closing price on Tuesday. The stock has rallied 37% since the start of the year.

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