SoftBank Should Hold Onto Stake in T-Mobile, New Street Says
Sprint majority owner SoftBank may sell part of its stake in T-Mobile to raise $41 billion to repurchase shares, but doing so would be a mistake, New Street’s Jonathan Chaplin wrote investors Friday. The agreement between SoftBank and Deutsche Telekom…
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limits the Japanese company’s ability to sell the stake for four years, without DT approval, but DT would likely be a willing buyer, the analyst said. SoftBank "would be making a mistake if they sell any of their new T-Mobile stake now,” Chaplin said: “We believe the asset will triple in value over the next five years, becoming one of the most valuable communications infrastructure assets on the planet.” SoftBank didn't comment.