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    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
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SoftBank in talks to sell T-mobile shares to Deutsche Telekom: report

05/18/2020 | 11:58am EDT

SoftBank Group Corp. is in talks to sell a large portion of its holdings of T-Mobile U.S. Inc. to controlling shareholder Deutsche Telekom AG as the Japanese telecom giant struggles to raise funds, The Wall Street Journal reported Monday in its online edition.

The transaction, if completed, would boost Deutsche Telekom's nearly 44 percent stake in T-Mobile above 50 percent, the U.S. business daily said, citing people familiar with the matter. SoftBank Group currently owns around a 25 percent stake in T-Mobile.

The size of any purchase is still being discussed but it would likely be significant, the paper said, adding that T-Mobile's market value stands at about $120 billion.

But the people familiar with the matter warned that the negotiations could still fall apart, according to the report.

T-mobile absorbed Sprint Corp., a struggling U.S. carrier controlled by SoftBank Group, in April.

SoftBank Group Corp. on Monday reported a record net loss for the year that ended March 31, its first red ink in 15 years, as it substantially wrote off the value of its key fund's investments in startups, including U.S. co-working space provider WeWork, over the coronavirus outbreak.

SoftBank Group chalked up a group net loss of 961.58 billion yen ($9 billion), a sharp drop from the net profit of 1.41 trillion yen in the previous year.

==Kyodo

© Kyodo News International, Inc., source Newswire

Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE TELEKOM AG -1.22% 17.45 Delayed Quote.16.68%
SOFTBANK GROUP CORP. 2.76% 6627 End-of-day quote.-17.76%
T-MOBILE US -1.15% 129.43 Delayed Quote.-4.02%
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Analyst Recommendations on SOFTBANK GROUP CORP.
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Financials
Sales 2022 6 040 B 54 537 M 54 537 M
Net income 2022 1 310 B 11 826 M 11 826 M
Net Debt 2022 14 983 B 135 B 135 B
P/E ratio 2022 9,10x
Yield 2022 0,66%
Capitalization 11 353 B 103 B 103 B
EV / Sales 2022 4,36x
EV / Sales 2023 4,13x
Nbr of Employees 58 786
Free-Float 69,3%
Chart SOFTBANK GROUP CORP.
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SoftBank Group Corp. Technical Analysis Chart | 9984 | JP3436100006 | MarketScreener
Technical analysis trends SOFTBANK GROUP CORP.
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 6 627,00 JPY
Average target price 10 325,87 JPY
Spread / Average Target 55,8%
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.-17.76%102 545
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T-MOBILE US-4.02%161 524
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VODAFONE GROUP PLC-5.90%42 861