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A T-Mobile employee assists a customer as pre-Thanksgiving and Christmas holiday shopping accelerates at the King of Prussia Mall in King of Prussia, Pennsylvania, U.S. November 22, 2019. REUTERS/Mark Makela/Files
TOKYO (Reuters) – SoftBank Group Corp (9984.T) is in talks to sell “a significant portion” of its T-Mobile U.S. (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
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