SoftBank has entered into a strategic agreement with Deutsche Telekom, which includes an exchange of shares. This was announced by the Japanese investor on Tuesday.
The agreement gives companies in SoftBank’s portfolio access to approximately 240 million customers of Deutsche Telekom in Europe and the United States. For Deutsche Telekom, this means a higher turnover per user and a new growth of customers.
SoftBank will receive, as part of the deal, a 225 million shares of Deutsche Telekom, in exchange for approximately 45 million shares of T-Mobile US, they turned. The Japanese investor thus becomes Deutsche Telekom’s second largest shareholder.
The German telecom company plans to take over another 20 million shares of T-Mobile US from SoftBank with the money Deutsche Telekom receives from the sale of T-Mobile Netherlands. The divestment, worth EUR 5.1 billion, was announced this morning.