ARTICLE AD BOX
A pistillate uses her mobile telephone arsenic she walks past the logo of Japan's telecommunications elephantine SoftBank successful Tokyo connected December 25, 2013.
Toru Yamanaka | Afp | Getty Images
Japan's SoftBank raised $4.8 billion from a sale of 21.5 cardinal T-Mobile shares astatine $224 each, according to a term sheet reviewed by Reuters.
The shares were offered successful a terms scope of $224 to $228 each, the term sheet said. The last terms was astir a 3% discount to T-Mobile's closing terms connected Monday of $230.99.
SoftBank and T-Mobile did not instantly respond to requests for comment from Reuters.
SoftBank will stay T-Mobile's 2nd largest shareholder aft the stock sale, down Deutsche Telekom which is the U.S. company's biggest investor.
The Japanese steadfast owned 7.52% of T-Mobile, oregon 85.36 million shares worthy astir $22.76 billion, according to LSEG data, up of the artifact trade.
SoftBank said successful precocious 2023 it would person T-Mobile shares worthy astir $7.59 billion at nary further outgo aft conditions acceptable retired successful an statement made arsenic portion of the merger of SoftBank's U.S. telco Sprint and T-Mobile were met.
Bloomberg News reported the share sale earlier.
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