Übernahme: Telekom legt Fusion mit T-Mobile US vorerst auf Eis

Deutsche Telekom has reportedly put its proposed merger with US subsidiary T-Mobile US on hold for now, according to a media report. The German company has decided not to submit a formal offer, Bloomberg reported on Wednesday, citing sources familiar with the matter. This decision may be partly due to resistance from the employee council.

However, it is possible that Telekom could revisit the offer at a later date. Both Telekom and T-Mobile US declined to comment. A merger would create the world's largest telecommunications company. Telekom currently holds a stake of around 54 percent in T-Mobile US. However, the merger plans have been met with skepticism for some time.

In September, activist investor Elliott entered the fray in Bonn, pushing for the merger to be avoided and instead advocating for measures to boost the company's stock price, such as share buybacks. Additionally, the barriers to the plan are considered high: the federal government, as the largest telecommunications shareholder, would need to agree, and there is concern about losing state control if the company's headquarters were relocated abroad.