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,…
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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.