SoftBank in talks to sell down T-Mobile US stake to Deutsche Telekom: Wall Street Journal

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato

TOKYO (Reuters) – SoftBank Group Corp (9984.T) is in talks to sell “a significant portion” of its T-Mobile US (TMUS.O) stake to controlling shareholder Deutsche Telekom AG (DTEGn.DE), the Wall Street Journal reported on Monday citing unidentified sources.

A deal would see Deutsche Telekom’s stake in the carrier, which merged with SoftBank’s wireless unit Sprint last month, rise above 50%, the newspaper reported.

SoftBank and Deutsche Telekom were not immediately available for comment.

Reporting by Sam Nussey; Editing by Christian Schmollinger