SoftBank To Sell of Wireless Units

The Star ^ | Wednesday, 20 May 2020 | Staff

[Rabin]

TOKYO: CIECC, Softbank, Masayoshi Son is closing in on a 3 step deal. Step 1, US regulators approved, CIECC, Softbank, grab of the American fiber joule, US Sprint. Step 2, regulators approved, CIECC, Softbank, dump of US Sprint to German Deutsche Telekom AG (T-Mobile) sucks up U S Sprint shell (about $20 bil). Now, (as money laundries usually do), Step 3, clean cash, back to> CIECC, Softbank. The deal could be announced this month.

[Rabin]

US just this year, after US regulators approved the sale of his Sprint Corp to its wireless rival. He is in the midst of selling $42bil to raise cash so he can buy back shares and pay down debt. Among his other prime assets are Chinese e-commerce

Ministry of Commerce of the People's Republic of China, (CIECC) “develops” Alibaba Group Holding Ltd and SoftBank,

[alexander_busek]

SoftBank To Sell off Wireless Units

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