Did you know that a multi-billionaire owns a significant stake in T-Mobile? SoftBank, a Japanese investment holding company founded by Masayoshi Son, holds $20.4 billion worth of T-Mobile shares, making it the second-largest stockholder in the company after Deutsche Telekom. This investment came about as a result of a complex series of transactions involving Sprint and T-Mobile.
In 2013, Dish Network Chairman Charlie Ergen attempted to acquire Sprint, leading to a bidding war with SoftBank. Ultimately, SoftBank acquired a majority stake in Sprint, which later merged with T-Mobile. As a result of this merger, SoftBank's Sprint shares were converted into a significant ownership stake in T-Mobile.
Despite SoftBank reducing its stake in T-Mobile over time, the company remains a key player in the telecommunications industry. Deutsche Telekom continues to increase its stake in T-Mobile, further solidifying the company's position in the market.
