Regulatory filings show Softbank Group is considering the sale of about $20B of its $31B stake in T-Mobile to finance share repurchases and to delever its balance sheet.
“SBG is exploring transactions with respect to shares of T-Mobile common stock, including, private placements or public offerings; transactions with T-Mobile or stockholders of T-Mobile, including Deutsche Telekom AG, or third parties; derivative or hedging transactions; margin loans; or other structured transactions”
Softbank Filing
The move comes as Softbank looks to placate shareholders who have been upset by the group’s Vision Fund investments which led to significant losses last year.