Deutsche Telekom Achieves Majority Stake in T-Mobile US
2023年4月5日 - 9:06PM
Dow Jones News
By Adria Calatayud
Deutsche Telekom AG has achieved its goal of owning a majority
stake in T-Mobile US Inc., the German company's Chief Executive Tim
Hoettges said Wednesday at its annual general meeting.
Deutsche Telekom's stake in T-Mobile US currently stands at
50.2%, up from 43% after the U.S. company's combination with Sprint
three years ago, Mr. Hoettges said. Deutsche Telekom had committed
to reach majority ownership in T-Mobile US at its capital-markets
day in 2021.
T-Mobile US launched a share-buyback program last year in which
Deutsche Telekom didn't participate, which allowed it to increase
its stake.
Having achieved majority ownership in T-Mobile US, Deutsche
Telekom will now have to decide whether to participate in T-Mobile
US's buyback program or remain on the sidelines and raise its stake
further, Mr. Hoettges said.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
April 05, 2023 07:51 ET (11:51 GMT)
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