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Share Name Share Symbol Market Type
Deutsche Telekom AG XE:DTE XETRA Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 16.208 16.208 16.214 0.00 00:00:00

Deutsche Telekom to Control More Than Half of T-Mobile US by 2024

20/05/2021 10:54am

Dow Jones News


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By Mauro Orru

 

Deutsche Telekom AG plans to increase its stake in its T-Mobile US Inc. business to more than 50%, Chief Executive Tim Hoettges said on Thursday.

The German telecommunications company currently has 43% of T-Mobile US which it controls through a shareholder agreement with Japanese technology and investment company SoftBank Group Corp.

Deutsche Telekom has a roadmap to increase its stake to 51% by 2024, management said ahead of the company's capital markets day on Thursday.

Deutsche Telekom is also considering the sale of its Netherlands business T-Mobile Netherlands and tower portfolio.

"The group regularly assesses its investments for possibilities to further increase their value - currently with a focus on T-Mobile Netherlands and the tower portfolio. In both cases, without preconceived views as to an outcome and with no time pressure," the company said.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

May 20, 2021 05:39 ET (09:39 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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