IT Blog

TOKYO (Reuters) – SoftBank Group Corp is in talks to sell “a significant portion” of its T-Mobile US 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.

It did not say how much of SoftBank’s 24% stake in T-Mobile US the Japanese conglomerate was planning to sell down, nor how much it would raise for it.

SoftBank and Deutsche Telekom were not immediately available for comment.

SoftBank is widely expected to try and monetise its T-Mobile stake as it looks to raise $41 billion through asset sales to prop up its floundering tech investing empire and fund a record share buyback.

Lock-up provisions…