Telecommunications: Investor Elliott enters Deutsche Telekom, according to report
The investor is said to have built up a significant stake in Deutsche Telekom. Instead of a possible merger with its US subsidiary T-Mobile, he is advocating for share buybacks.
Elliott, an activist investor, has reportedly acquired a significant stake in Deutsche Telekom and is opposing a potential merger with its US subsidiary T-Mobile. Instead, Elliott suggests that Deutsche Telekom explore alternative ways to increase its value, such as more extensive share buybacks. This stance puts Elliott at odds with Deutsche Telekom's CEO, Tim Höttges, who is working towards a full merger with T-Mobile.
Deutsche Telekom currently holds around 53 percent of T-Mobile's shares. The plans have already faced resistance, with T-Mobile executives reportedly expressing concerns about a merger.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
