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SoftBank Exploring Sale of T-Mobile USA Stake

TheMotleyFool

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SoftBank Exploring Sale of T-Mobile USA Stake

SoftBank (OTC: SFTBF) is gearing up to sell a stake in T-Mobile USA (NASDAQ: TMUS) as part of its plan to shore up cash via asset sales.

In a press release issued Tuesday, the Japanese tech stock confirmed that it decided to explore a potential sale of some of its stake in T-Mobile USA, among other potential financial transactions. SoftBank owns a 25% stake in the wireless carrier.

IMAGE SOURCE: GETTY IMAGES.

Source Fool.com

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