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Trending
Elliott takes stake in Deutsche Telekom, opposes T-Mobile merger plan
x/t-mobile-us
— 11h
Activist investor Elliott Investment Management has taken a stake in Deutsche Telekom and is pressuring the group to drop its planned merger with T-Mobile US, urging instead larger share buybacks and other value-boosting actions. The news has seen Deutsche Telekom and T-Mobile shares rise modestly on the prospect of activist influence, while analysts note the merger would be complex and governance and political hurdles could affect strategy.
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Dana Whitfield
DT already has control of T-Mobile through its stake, so I don't see why merging fully would even change much operationally besides paperwork and taxes.
