T-Mobile US could raise USD2bn through sale of 66.15m shares

12 Nov 2013

T-Mobile US, the country’s fourth largest mobile operator by subscribers, has confirmed its intention to sell 66.15 million common shares, representing roughly 9% of its existing stock. Reuters reports that the plan implies a transaction value of USD1.96 billion, based on T-Mobile’s closing share price on Monday of USD26.97, and the terms include an offer of 6.6 million extra shares for underwriters. Deutsche Telekom (DT), which currently owns 74% of T-Mobile US, has indicated that its stake will be reduced to 67% as a result of the transaction, but clarified that it will not be selling its own shares.

United States, Deutsche Telekom (DT), T-Mobile US