According to a source familiar with the matter at hand, SoftBank Group Corp is set to sell a portion of its stake in U.S. wireless carrier T-Mobile US Inc at $103 per share to raise $13.76 billion.
On Monday, SoftBank unveiled a series of transactions to divest more than $21 billion worth of stock in T-Mobile in an attempt to fund a $41 billion share buyback and debt reduction plan.
This included a public offering of 133.5 million shares.
SoftBank declined when asked for request to comment.
On Tuesday, T-Mobile shares closed at $107.16.