Sep 07, 2021 04:40 PM (GMT+8) · EqualOcean
According to the Wall Street Journal, Softbank group said that it had reached a strategic partnership and equity replacement agreement with Deutsche Telekom, which will diversify Softbank group's business in Europe. Softbank said it would exchange about 45 million T-Mobile US shares for 225 million new shares of Deutsche Telecom; In addition, Deutsche Telekom also intends to buy 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%.