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SoftBank to sell T-Mobile shares worth $41 billion after record losses

SoftBank said it may sell some of its stake through private placements or public offerings, adding that there is no assurance a final deal will be reached

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The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo. (Photo: Reuters)

2 min read Last Updated : Jun 16 2020 | 10:04 PM IST

SoftBank Group said it is considering the sale of its T-Mobile US shares, confirming reports the Japanese company is nearing such a deal as part of its effort to sell about $41 billion in assets.

SoftBank said it may sell some of its stake through private placements or public offerings, adding that there is no assurance a final deal will be reached. T-Mobile also confirmed SoftBank’s plan and wasn’t specific about the details, saying that SoftBank was exploring “one or more monetisation transactions” involving the wireless carrier’s stock. People familiar with the matter said last month that SoftBank was closing

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