Monday, May 18, 2020 2:13:45 AM
SoftBank in Talks to Sell T-Mobile Shares to Deutsche Telekom
https://www.wsj.com/articles/softbank-in-talks-to-sell-t-mobile-shares-to-deutsche-telekom-11589775293?mod=djemalertNEWS
SoftBank 9984 +1.57% Group Corp. is in talks to sell a significant portion of its T-Mobile TMUS 2.54% US Inc. stake to controlling shareholder Deutsche Telekom AG DTEGY -0.13% as the Japanese technology conglomerate scrambles to raise funds.
The transaction, if completed, would boost Deutsche Telekom’s nearly-44% stake in T-Mobile TMUS 2.54% above 50%, according to people familiar with the matter. The German company already has voting control of the U.S. mobile-phone giant under a prior agreement with SoftBank, which recently held almost 25% of T-Mobile’s common stock, according to FactSet.
T-Mobile took its current form on April 1 after it absorbed Sprint Corp., a SoftBank-controlled business that struggled for years to defend its customer base against competition from rivals. By combining the third- and fourth-biggest players, the merger consolidated the U.S. wireless sector into a market dominated by three national networks.
https://finance.yahoo.com/news/tsmc-stops-huawei-orders-u-054105548.html
TSMC stops new Huawei orders after U.S. restrictions - Nikkei
Taiwan Semiconductor Manufacturing Co Ltd has stopped new orders from Huawei Technologies in response to Washington's move aimed at further limiting chip supplies to the Chinese company, the Nikkei reported on Monday, citing multiple sources.
The orders which TSMC took before the new ban and those already in production are not impacted and could continue to proceed if those chips could be shipped before mid-September, according to the report.
https://www.wsj.com/articles/softbank-in-talks-to-sell-t-mobile-shares-to-deutsche-telekom-11589775293?mod=djemalertNEWS
SoftBank 9984 +1.57% Group Corp. is in talks to sell a significant portion of its T-Mobile TMUS 2.54% US Inc. stake to controlling shareholder Deutsche Telekom AG DTEGY -0.13% as the Japanese technology conglomerate scrambles to raise funds.
The transaction, if completed, would boost Deutsche Telekom’s nearly-44% stake in T-Mobile TMUS 2.54% above 50%, according to people familiar with the matter. The German company already has voting control of the U.S. mobile-phone giant under a prior agreement with SoftBank, which recently held almost 25% of T-Mobile’s common stock, according to FactSet.
T-Mobile took its current form on April 1 after it absorbed Sprint Corp., a SoftBank-controlled business that struggled for years to defend its customer base against competition from rivals. By combining the third- and fourth-biggest players, the merger consolidated the U.S. wireless sector into a market dominated by three national networks.
https://finance.yahoo.com/news/tsmc-stops-huawei-orders-u-054105548.html
TSMC stops new Huawei orders after U.S. restrictions - Nikkei
Taiwan Semiconductor Manufacturing Co Ltd has stopped new orders from Huawei Technologies in response to Washington's move aimed at further limiting chip supplies to the Chinese company, the Nikkei reported on Monday, citing multiple sources.
The orders which TSMC took before the new ban and those already in production are not impacted and could continue to proceed if those chips could be shipped before mid-September, according to the report.
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