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Softbank in talks to sell T-Mobile shares to Deutsche Telekom - report

2020-05-18 10:33:00| Telecompaper Headlines

(Telecompaper) Softbank is in talks with Deutsche Telekom to sell a portion of its stake in T-Mobile US, the Wall Street Journal reports citing people familiar with the matter. Deutsche Telekom would raise its stake in T-Mobile to over 50 percent from the current 44 percent if the transaction were finalised. Telekom already has voting control of T-Mobile under a prior agreement with SoftBank, which recently held almost 25 percent of T-Mobile's common stock, according to FactSet.

Tags: report sell deutsche shares

Pexip raises USD 100 mln in IPO, shares gain 41% by mid-morning on first day's trade

2020-05-14 11:45:00| Telecompaper Headlines

(Telecompaper) Norwegian video conferencing service provider Pexip said it is now listed on the Oslo Stock Exchange following the IPO that raised USD 100 million from investors in Europe and the US. Because of the Covid-19 pandemic, its IPO roadshow was all done remotely via video. CEO Odd Sverre Ostlie estimates that this approach saved over 1,700 hours or more than 70 days of travel time, and over 80 tons of carbon dioxide, roughly the amount that ten Norwegians use in an entire year.

Tags: on days trade gain