SoftBank To Buy T-Mobile [REPORT]

Mani

Published onDecember 26, 2013

Updated on May 13, 2021

SoftBank Corp (OTCMKTS:SFTBF) (TYO:9984) is preparing to acquire U.S. wireless carrier T-Mobile and is discussing funding for a deal with financial institutions.

According to the Nikkei news agency, the Japanese telecom giant is moving to acquire fourth-ranked American wireless carrier T-Mobile US Inc (NYSE:TMUS), and the purchase would boost the SoftBank group’s revenue from mobile operations to 7 trillion yen a year, making it the world’s No.2 carrier, behind China Mobile Ltd. (NYSE:CHL) (HKG:0941).

Sprint Corp. may take majority stake in T-Mobile

Earlier this year, the Federal...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

SoftBank To Buy T-Mobile [REPORT]

Sprint Corp. may take majority stake in T-Mobile

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