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    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
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SoftBank Group explores sale of T-Mobile shares to raise cash

06/15/2020 | 10:27pm EDT

SoftBank Group Corp. said Tuesday it is considering selling its T-Mobile U.S. Inc. shares as part of its plan to secure 4.5 trillion yen ($41 billion) in cash to buy back its own stocks and reduce debts.

SoftBank said it is in talks with T-Mobile and the U.S. telecom firm's controlling shareholder Deutsche Telekom AG over a potential deal, which it said could also involve other transactions with the shares and depends on T-Mobile's stock price level among other factors.

Softbank "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," it said.

SoftBank currently has around a 25 percent stake in T-Mobile, while Deutsche Telekom owns around 44 percent.

In March, SoftBank Group said it would sell up to 4.5 trillion yen worth of assets in a bid to improve a balance sheet hit by failed investments including in U.S. co-working space provider WeWork as well as by the global financial market turmoil over the coronavirus outbreak.

It reported last month a record net loss of 961.58 billion yen for the year that ended March 31, its first red ink in 15 years, as the value of its key fund's investments in startups such as WeWork deteriorated amid the coronavirus outbreak.

==Kyodo

© Kyodo News International, Inc., source Newswire

Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE TELEKOM AG 1.52% 17.22 Delayed Quote.13.42%
SOFTBANK GROUP CORP. -4.98% 6329 End-of-day quote.-21.46%
T-MOBILE US -0.58% 124.9 Delayed Quote.-6.84%
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Analyst Recommendations on SOFTBANK GROUP CORP.
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Financials
Sales 2022 6 040 B 55 286 M 55 286 M
Net income 2022 1 310 B 11 989 M 11 989 M
Net Debt 2022 14 983 B 137 B 137 B
P/E ratio 2022 8,69x
Yield 2022 0,70%
Capitalization 10 842 B 99 238 M 99 239 M
EV / Sales 2022 4,28x
EV / Sales 2023 4,05x
Nbr of Employees 58 786
Free-Float 69,3%
Chart SOFTBANK GROUP CORP.
Duration : Period :
SoftBank Group Corp. Technical Analysis Chart | 9984 | JP3436100006 | MarketScreener
Technical analysis trends SOFTBANK GROUP CORP.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 6 329,00 JPY
Average target price 10 507,87 JPY
Spread / Average Target 66,0%
EPS Revisions
Managers and Directors
Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
Raul Marcelo Claure Chief Operating Officer & Executive Vice President
Tim Mackey Chief Legal Officer & Group Compliance Officer
Masami Iijima Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
SOFTBANK GROUP CORP.-21.46%104 235
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T-MOBILE US-6.84%156 782
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VODAFONE GROUP PLC-5.62%43 049