A woman uses her mobile phone as she walks past the logo of Japan’s telecommunications giant SoftBank in Tokyo on December 25, 2013.
Toru Yamanaka | Afp | Getty Images
Japan’sSoftBankraised $4.8billionfromasaleof 21.5 million T-Mobileshares at $224 each, according to atermsheetreviewed by Reuters.
Theshares were offered in a price range of $224 to $228 each, thetermsheetsaid. The final price was around a 3% discount to T-Mobile’s closing price on Monday of $230.99.
SoftBankand T-Mobiledid not immediately respond to requests for commentfromReuters.
SoftBankwill remain T-Mobile’s second largestshareholder after the stocksale, behind Deutsche Telekomwhich is the U.S. company’s biggest investor.
The Japanese firm owned 7.52% of T-Mobile, or 85.36 millionshares worth about $22.76billion, according to LSEG data, ahead of the block trade.
SoftBanksaid in late 2023 it would receive T-Mobileshares worth about $7.59billionat no additional cost after conditions set out in an agreement made as part of the merger ofSoftBank’s U.S. telco Sprint and T-Mobilewere met.
Bloomberg News reported thesharesaleearlier.
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