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SoftBank to sell last of telecoms assets

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SoftBank reached a deal to sell the last of its majority stake telecoms assets.

The company is selling U.S. phone distributor Brightstar. The company is being purchased by a newly formed subsidiary of Brightstar Capital Partners, a private equity firm founded by the wireless distributor's former chief operating officer.

SoftBank is expected to acquire a 25% stake in the new subsidiary.

Read more from the Financial Times.

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