SoftBank Could Sell Its T-Mobile Stake

SoftBank (OTC: SFTBY), the Japanese technology company, is in discussions to sell some of its stake in T-Mobile (NASDAQ: TMUS) to Deutsche Telekom in an effort to shore up much-needed capital.

The Wall Street Journal, citing people familiar with the matter, reports that talks are ongoing. It's unclear what percentage of the stake in T-Mobile it will sell, although it's expected to be "significant."

IMAGE SOURCE: GETTY IMAGES.

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Source Fool.com