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searching4value's avatar

Good write up!

As with Baba stake, TMUS is a litle bit more complicated. Deutsche Telekom, majority owner of TMUS, holds ITM (structured) call options to buy SBG's TMUS shares. Thus 'At 145$ per share the T-Mobile Holdings totals 15.37 billion USD' is not 100% correct - difference is insignificant, though, but highlights the many complex structures.

(I own SoftBank Group shares)

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ValueTeddy's avatar

Thank you for the kind words! Thanks for pointing this out. I am also sure that there are many more "complications" that in theory should have been accounted for, but instead I felt pretty good with using heavy discounts to "test" the potential valuation downside.

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