SoftBank will sell $20 billion worth of its stake in T-Mobile, according to a report by skleb1234
that Deutsche Telekom, which currently holds a more than 40% stake in T-Mobile and wants to maintain control of the company, could be a good candidate. SoftBank originally gained a stake in T-Mobile through the wireless carrier’s long-awaited merger with Sprint, which wasby a federal judge in February. SoftBank owned around 85% of Sprint common stock at the time of the deal.
. As the investing conglomerate struggles to steady some of its businesses amid the economic fallout from the coronavirus pandemic, SoftBank has so far written down valuations on more than 45 companies in its Vision Fund.
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