T-Mobile shares priced at $103 each in SoftBank sale

(Reuters) – U.S. wireless carrier T-Mobile US Inc (TMUS.O) said it has priced a sale of its shares at $103 each in a deal that will see SoftBank Group (9984.T) divest a portion of its stake – a major step in the Japanese conglomerate’s plan to sell assets.

The pricing comes after SoftBank unveiled a series of transactions on Monday to divest stock in T-Mobile, as it seeks funding for a $41 billion share buyback and debt reduction plan.

T-Mobile shares closed on Tuesday at $107.16.

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