After an extremely lousy business year, Japan's SoftBank Group is trying to get airborne with the sale of fast-cash assets, which, according to local reports, are in advanced negotiations to sell part of T-Mobile's US stake. The buyer could be the Deutche Telekom Group, which could thus be the majority owner of the third largest player in the US mobile market.
Rumors of the deal erupted just a month after Sprint and T-Mobile US merged with US market – through the former, SoftBank became the owner of 24% of the post-merger company, while Deutsche Telekom owns 43% of the shares. It is not yet known exactly how the shares will change, ie how much ownership SoftBank will sell to the German multi, and therefore how much it will ask for in return.
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The merger between Sprint and T-Mobile in the US came to an end in February this year, and since then the company has been operating essentially under the auspices of T-Mobile, retaining the old brand name for the time being. The deal did not go smoothly, although the merger was approved by the U.S. Department of Justice competition authority last summer and the lawsuit was challenged in court by several state prosecutors, saying the merger of the two providers could lead to higher prices, severely damaging consumer interests.
In addition, the German partner was reportedly unable to rejoice in the end of the deal, which finally emerged after negotiations began years ago, given that Sprint's market prospects had deteriorated significantly over time. This is why it has been suggested that the terms will be redesigned by the parties within certain limits, but this has not been done in the end, but with the partial sale of SoftBank's shareholding, the parties can settle the matter afterwards.