Germany’s Deutsche Telekom Now Majority Owner of T-Mobile
Germany’s Deutsche Telekom now has majority ownership of T-Mobile U.S., DT CEO Tim Hottges said Wednesday, during the company’s annual meeting live-streamed from Bonn. "We have the majority and are the largest shareholder of the world's most valuable telecommunications company,…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
T-Mobile U.S.," he said. Hottges said DT hit majority status Tuesday, and holds 50.2% of stock, compared to three years ago, after the Sprint buy, when the stake was 43%. “Achieving a majority has been a stated goal of Deutsche Telekom since the 2021 Capital Markets Day,” the company said.