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SoftBank seeks to raise $4.9 billion in T-Mobile share sale
SoftBank Group is raising up to $4.9 billion through an overnight block sale of 21.5 million T-Mobile U.S. shares, priced between $224-$228, a 3% discount. This sale represents 1.9% of T-Mobile's outstanding shares and is the largest U.S. sale since February. SoftBank, holding 7.5% of T-Mobile, aims to leverage share sales totaling $91.4 billion in 2025, with Bank of America handling the transaction.
Key points
- SoftBank Group plans to sell 21.5 million T-Mobile shares raising up to $4.9 billion.
- Share sale price set at $224-$228 each, 3% lower than T-Mobile's last closing price.
- T-Mobile shares fell 3.5% to $222.99 post-announcement.
- This sale is the largest U.S. share sale since TD Bank's $13.1 billion stake sale.
- SoftBank's stake in T-Mobile represents about 1.9% of shares; it owned 85.4 million shares as of March 31.
- Deutsche Telekom holds the largest share at 59%.
- SoftBank acquired its T-Mobile shares during Sprint's acquisition in 2020.
Why it matters
- This move reflects a broader trend of technology companies strategically managing stakes in telecoms amidst rising share sale activity in 2025.
- The increase in U.S. share sales indicates a recovery and growth in the tech sector after a decline in recent years.
- SoftBank's approach mirrors past performance where they reduced stakes to support financial maneuvers, a common practice in tech investments.
SoftBank's $4.9 billion stake sale in T-Mobile exemplifies a strategic move in a highly dynamic U.S. equity market, aligning with 2025 trends of increased share sales and reflecting the ongoing restructuring in the telecom sector.