Takeover: Merger of Telekom with T-Mobile US in jeopardy
According to a media report, there is significant resistance on the works council. Meanwhile, US business is growing, and profits rose sharply in the previous quarter.
The Deutsche Telekom has reportedly put on hold its merger process with its US subsidiary T-Mobile US. According to Bloomberg, the Bonn-based company has decided against making a formal offer, citing opposition from the works council, among other factors. The telecom giant currently holds over 54 percent of T-Mobile US, and a merger would create the world's largest telecommunications company. Discussions had included the possibility of a new joint company based in Ireland or Luxembourg.
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.
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- Takeover: Telekom Postpones Merger with T-Mobile US For Now handelsblatt.com
