SoftBank to sell T-Mobile shares at $103 apiece: source

NEW YORK (Reuters) – 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, a person familiar with the matter said on Tuesday.

SoftBank on Monday unveiled a series of transactions to divest more than $21 billion worth of stock in T-Mobile, as it seeks funding for a $41 billion share buyback and debt reduction plan. This included a public offering of 133.5 million shares.

SoftBank declined to comment. T-Mobile shares closed on Tuesday at $107.16.

(Reporting by Joshua Franklin in New York; Editing by Christian Schmollinger)