Elliott Investment Management has built \u200ba sizeable stake in Deutsche Telekom \u200band indicated that the company \u200cshould ditch \u200ba potential merger with T-Mobile US, Bloomberg News reported on Wednesday, citing people familiar with the matter.<\/p>\n
The activist investor \u200cwants the German telecom company to consider other ways to unlock shareholder value, including larger share buybacks, the report said. The exact size of Elliott’s stake in Deutsche Telekom \u200ccould not be determined, the report said.<\/p>\n
T-Mobile, the company’s American arm, declined a \u200cReuters request for comment, while Elliott and Deutsche Telekom did not immediately respond. Reuters had reported in April thatDeutsche Telekom is exploring a deal to combine with T-Mobile US and create a transatlantic telecoms giant \u2060in what \u200bwould be the \u2060largest ever public merger.<\/p>\n
Deutsche Telekom holds a nearly 54% stake in T-Mobile \u2014 its biggest earnings driver. However, Semafor \u2060reported in July that T-Mobile’s US executives had told Deutsche Telekom that they no longer \u200bsupport a merger.<\/p>\n
Deutsche Telekom, one of Europe’s largest telecommunications group with over 273 million \u2060mobile customers, has a market capitalization of $157 billion, below T-Mobile’s $200 billion. A deal would have created the \u2060world’s \u200bbiggest wireless operator by market value, beating China Mobile.<\/p>\n
Deutsche Telekom’s ties to T-Mobile date back around 25 years, with its ownership stake fluctuating over that period, although \u2060the German group has tightened its grip since 2020. The German carrier’s chief executive \u2060Timotheus Hoettges told investors \u2060in February that the company was assessing ways to increase its stake in T-Mobile US.<\/p>\n
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)<\/p>\n","protected":false},"excerpt":{"rendered":"Elliott Investment Management has built \u200ba sizeable stake in Deutsche Telekom \u200band indicated that the company \u200cshould ditch…\n","protected":false},"author":2,"featured_media":79480,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20989],"tags":[11785],"class_list":["post-83548","post","type-post","status-publish","format-standard","has-post-thumbnail","category-deutsche-telekom","tag-deutsche-telekom"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/83548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=83548"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/83548\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/79480"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=83548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=83548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=83548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}