SoftBank plans on selling T-Mobile US Inc at $103 per share

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.

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