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Japan's Softbank to sell its stock in US network operator T-Mobile

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Tokyo, Jun 23 (EFE/EPA).- Japan's Softbank announced on Tuesday that it would dispose of nearly all the shares it owns in United States-based mobile network operator T-Mobile in sales and purchases options.The sale forms a part of a Softbank program to raise 4.5 trillion yen ($42.1 billion) to repurchase its shares and reduce debt, which has shot up due to a series of unprofitable investments.The Japanese telecom giant said in a statement that it was set to sell off 198.3 million shares of T-Mobile, representing around 65 percent of its stake, and will establish a call option for another 101.4 million shares, with the price yet to be decided. (Camera: KIMIMASA MAYAMA). SHOT LIST: SOFTBANK'S GLOBAL HEADQUARTERS IN TOKYO, JAPAN.

Added on the 23/06/2020 14:00:00 - Copyright : EFE Inglés

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