SoftBank may sell two-thirds of its stake in T-Mobile

Japan’s SoftBank plans to sell up to two-thirds of its stake in T-Mobile early next week, CNBC reported.
SoftBank 5GThat would value the transaction at about $20 billion, the report said.

SoftBank said in March it was selling or monetizing up to the equivalent of $41 billion in assets to buyback shares and reduce debt.

T-Mobile parent company Deutsche Telekom currently holds more than 40 percent of shares in T-Mobile.

SoftBank received stake in T-Mobile US after the latter’s $24 billion merger with smaller rival Sprint.