SoftBank’s stake in T-Mobile doubles to 7.64%

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SoftBank’s stake in T-Mobile doubles to 7.64%

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SoftBank Group is set to receive T-Mobile US shares worth around US$7.59 billion for free, doubling its stake to 7.64% and boosting listed assets. This pushed the Japanese investment giant’s shares up 5%.

The announcement came after certain conditions were met in the merger agreement between T-Mobile and SoftBank’s US telco Sprint.

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