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Germany’s Deutsche Telekom finally buys a majority of T-Mobile US
1 Min Read
After years of increasing its ownership in T-Mobile US, Germany’s Deutsche Telekom (DT) announced this week it crossed the 50% threshold, and now is the majority owner of the US-based company.
“We have the majority and are the largest shareholder of the world’s most valuable telecommunications company – T-Mobile US,” DT CEO Tim Höttges said this week at the company’s annual general meeting, according to Reuters.
The move comes as little surprise. For example, DT gained roughly $11 billion from the sale of a stake in its European cell tower business last year. The company was widely expected to use that money to increase its stake in T-Mobile US from around 48% to over 50%.
Höttges has been steadily growing the German company’s share in T-Mobile in the US. For example, in 2021, he announced deals that helped raise DT’s stake in T-Mobile US by 5.3%, to 48.4%. As Reuters noted at the time, T-Mobile US accounted for three-fifths of DT’s sales and was its most profitable unit.
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