May 18, 2020 / 4:40 AM / 13 days ago

SoftBank in talks to sell down T-Mobile US stake to Deutsche Telekom - WSJ

TOKYO, May 18 (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.

SoftBank and Deutsche Telekom were not immediately available for comment. (Reporting by Sam Nussey; Editing by Christian Schmollinger)

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