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    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
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SoftBank Group to Take 4.5% Stake in Deutsche Telekom, Form Strategic Partnership -- Update

09/07/2021 | 03:01am EDT

By Kosaku Narioka and Mauro Orru

SoftBank Group Corp. said Tuesday that it agreed on a strategic partnership and an equity share swap with Deutsche Telekom AG in a move that would diversify its exposure in Europe, and increase the German telecommunications company's stake in its T-Mobile US Inc. business.

The Japanese technology and investment company said it would receive 225 million new shares in the German telecom company in exchange for about 45 million T-Mobile US shares it held, and that Deutsche Telekom also intended to acquire another 20 million T-Mobile US shares from SoftBank.

Deutsche Telekom's stake in T-Mobile US will increase by 5.3% to 48.4%.

"This agreement furthers Deutsche Telekom's strategic objective of increasing its ownership stake in T-Mobile US to more than 50% in order to maintain long-term control and consolidation," Deutsche Telekom said.

SoftBank said it would hold a 4.5% stake in Deutsche Telekom and become its second-largest private shareholder and intends to have board representation, and that it would retain a 3.3% equity stake in the U.S. mobile company.

Under the strategic partnership, SoftBank portfolio companies will gain access to Deutsche Telekom's customers across Europe and in the U.S.

Write to Kosaku Narioka at kosaku.narioka@wsj.com and to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

09-07-21 0300ET

Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE TELEKOM AG -0.02% 16.526 Delayed Quote.10.50%
SOFTBANK GROUP CORP. 0.61% 6290 End-of-day quote.-21.94%
T-MOBILE US -1.43% 117.56 Delayed Quote.-12.82%
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Analyst Recommendations on SOFTBANK GROUP CORP.
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Financials
Sales 2022 6 040 B 52 864 M 52 864 M
Net income 2022 1 310 B 11 464 M 11 464 M
Net Debt 2022 15 330 B 134 B 134 B
P/E ratio 2022 8,26x
Yield 2022 0,70%
Capitalization 10 775 B 94 382 M 94 307 M
EV / Sales 2022 4,32x
EV / Sales 2023 4,04x
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
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 6 290,00 JPY
Average target price 10 325,87 JPY
Spread / Average Target 64,2%
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.-21.94%94 382
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T-MOBILE US-12.82%146 711
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AMÉRICA MÓVIL, S.A.B. DE C.V.27.67%59 098
VODAFONE GROUP PLC-8.68%41 761