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SoftBank Targets $4.9 Billion via T-Mobile Share Sale, Bloomberg Reports

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SoftBank Group Corp is planning to raise nearly $4.9 billion through an overnight block sale of shares in T-Mobile US, according to a report by Bloomberg News on Monday. The Japanese tech conglomerate is offering to sell 21.5 million T-Mobile shares at a price range of $224 to $228 per share.

The proposed sale price reflects a discount of over 3% from T-Mobile’s closing price of $230.99 on Monday. The stake represents approximately 1.9% of T-Mobile’s outstanding shares, based on Reuters calculations. Bank of America is reportedly handling the deal.

Neither SoftBank nor T-Mobile has issued public comments in response to the report.

SoftBank’s decision to divest part of its T-Mobile holdings comes shortly after it reported a 1.15 trillion yen ($7.94 billion) profit for the fiscal year ending March 2025, rebounding from a 227.6 billion yen loss the previous year. The move also signals SoftBank’s continued strategy of realizing gains from past tech investments to support its broader portfolio, which has included both major successes like Alibaba and high-profile failures like WeWork.

The sale is being conducted as an unregistered offering, typically structured to appeal to institutional investors without going through full regulatory disclosures.

Swedish Military Joins Forces with Telia and Ericsson to Strengthen Defense Tech via 5G

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The Swedish Armed Forces have officially joined Telia and Ericsson’s NorthStar 5G innovation program, aiming to enhance national defense capabilities through cutting-edge telecommunications technology. The collaboration seeks to advance military communications, logistics, and security infrastructure, while improving interoperability within NATO.

Originally launched in 2023, the NorthStar initiative was initially focused on industrial clients, but growing geopolitical tensions have pushed Sweden to accelerate its defense tech modernization. “We need to speed it up due to the geopolitical situation in the last six months,” said Brigadier-General Mattias Hanson, CIO of the Swedish Armed Forces, in an interview with Reuters.

Sweden became NATO’s newest member earlier this year and currently allocates around 2.7% of its GDP to defense—a figure the government aims to raise to 3.5% by 2030. The move follows broader European efforts to bolster self-defense as U.S. support under the Trump administration has become less certain.

Under the expanded partnership, the military will engage with tech startups and civilian companies to find innovative solutions to defense challenges. One early focus is improving communication systems for drones. “We will try to figure out how to be faster in innovation and how to solve a military problem with civilian technology,” Hanson explained.

Although Sweden has its own military communication infrastructure, future systems will integrate various technologies—including radio, satellite, 5G, and fiber optics—for more robust and flexible operations.

EchoStar Shares Jump 50% After Trump Reportedly Urges FCC Deal

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EchoStar’s stock soared as much as 50% on Monday, following a Bloomberg report late Friday that former U.S. President Donald Trump had intervened in talks over the company’s wireless spectrum licenses. Trump reportedly urged EchoStar Chairman Charlie Ergen and Federal Communications Commission (FCC) Chair Brendan Carr to reach an agreement over the future of the company’s spectrum holdings.

The report said Trump met with Ergen on Thursday and called Carr, who then joined them at the White House. EchoStar has not commented publicly on the meeting.

The FCC began investigating EchoStar in May over concerns that it had not fulfilled its obligations to deploy 5G services, raising the possibility that its valuable wireless spectrum licenses could be revoked. The company has acknowledged missing about $500 million in interest payments and attributed some of the financial strain to regulatory uncertainty.

The market reacted swiftly to the news, with shares hitting an intraday high of $25.29 on Monday—up from $16.84 at Friday’s close. The surge marked a sharp reversal for EchoStar, whose stock had lost about 30% of its value since the FCC’s probe was disclosed.

Analysts at UBS noted in a Sunday briefing that the new developments could reduce the risk of EchoStar losing its airwaves and may renew interest in its spectrum assets. They cited the potential for partnerships or acquisitions from major wireless players such as T-Mobile US and AT&T, given the current scarcity of available spectrum.

Despite the rally, UBS maintained a “neutral” rating on the stock, citing ongoing regulatory uncertainty until a definitive resolution is reached.