How much of Sprint does SoftBank own?

How much of Sprint does SoftBank own?

SoftBank owned around 85% of Sprint common stock at the time of the deal. Under the terms of the agreement, SoftBank exchanged 11 shares for each T-Mobile share, giving Deutsche Telekom (which owned over 60% of T-Mobile U.S. before the deal) a slightly larger stake in the new company.

When did SoftBank sell Sprint?

2013
SoftBank acquired its stake in T-Mobile after merging its Sprint mobile unit with the German carrier’s US business this year. SoftBank bought Sprint for $21.6 billion in 2013 to start an ultimately unsuccessful attempt to challenge the dominant U.S. carriers.

How much of T-Mobile does SoftBank own?

When all those transactions are completed, Deutsche Telekom will have a 48.4% stake in T-Mobile US, while SoftBank will have a 3.3% holding, the companies said.

Does T-Mobile own SoftBank?

SoftBank, as the former parent of Sprint, got its stake in T-Mobile when the two U.S. carriers successfully completed their merger in 2020.

How much does SoftBank own of WeWork?

SoftBank holds about 65% of the equity in WeWork, but capped its voting position at 49.9% in order to avoid consolidating the company with its financial results. An investor presentation on the BowX deal shows that current WeWork holders will hold an 82.7% stake after the offering.

Is Sprint still owned by SoftBank?

SoftBank bought 80% of Sprint for $22 billion. It later boosted its stake to 84%. At current share prices, SoftBank’s holding in the merged company would be valued at roughly $30 billion, Mr. Son said this week, an appreciation of about 50%.

Is T-Mobile owned by SoftBank?

SoftBank, which owned Sprint, picked up shares of T-Mobile US through the merger of T-Mobile and Sprint. CNBC is reporting that SoftBank will sell two-thirds of its T-Mobile shares, raising about $20 billion. SoftBank owns 304.6 million T-Mobile US shares, worth about $31 billion.

Is T-Mobile owned by a German company?

T-Mobile is the brand name used by the mobile communications subsidiaries of the German telecommunications company Deutsche Telekom AG. Since 1999, Deutsche Telekom has owned the holding company T-Mobile International AG for its mobile communications subsidiaries.

Who owned Sprint before T-Mobile?

U.S. Sprint Corporation was an American telecommunications company. Before it merged with T-Mobile US on April 1, 2020, it was the fourth-largest mobile network operator in the United States, serving 54.3 million customers as of June 30, 2019.

When did SoftBank Buy Sprint?

On 6 July 2013, the United States Federal Communications Commission approved SoftBank’s acquisition of the Sprint Corporation for $22.2 billion for a 78% ownership interest in Sprint. The acquisition involved a payment of $17.2 billion in cash to Sprint shareholders, with the balance $5 billion as a capital contribution.

What happened to SoftBank?

In July 2015, SoftBank announced the renaming of the company from SoftBank Corp. to SoftBank Group Corp. Meanwhile, SoftBank Mobile was renamed to SoftBank Corp., the now former name of the company as a whole.

What type of company is SoftBank?

SoftBank Group Corp. is a Japanese multinational conglomerate holding company headquartered in Minato, Tokyo. SoftBank owns stakes in many technology, energy, and financial companies. It also runs Vision Fund, the world’s largest technology-focused venture capital fund, with over $100 billion in capital.

What does SoftBank own of Supercell?

On 1 June 2015, SoftBank acquired an additional 22.7% stake in Supercell, increasing its total stake to 73.2% and becoming the sole external shareholder of the company. In June 2015, SoftBank announced it would invest US$1 billion in the Korean e-commerce website Coupang as part of its overseas expansion plans.