Deutsche Telekom Stock Rises as Elliott Builds Stake and Opposes T-Mobile Merger
TLDR
- Elliott Investment Management has built a stake in Deutsche Telekom and is pushing the company to drop merger plans with T-Mobile US
- T-Mobile US (TMUS) closed up 2.82% at $187.30 on Wednesday following the Bloomberg report
- Deutsche Telekom stock rose 1.5% on Thursday, topping Germany’s blue-chip index
- Elliott wants Deutsche Telekom to pursue larger share buybacks instead of a full merger
- Deutsche Telekom already has a commitment to buy back up to €5 billion in stock this year
Elliott Investment Management has built a stake in Deutsche Telekom and is pushing the company to scrap its planned merger with T-Mobile US, Bloomberg reported. The news sent T-Mobile US stock up 2.82% to $187.30 on Wednesday, while Deutsche Telekom opened 1.5% higher in Frankfurt on Thursday.
Elliott wants Deutsche Telekom to walk away from a potential full combination with T-Mobile US and instead return more cash to investors through bigger share buybacks.
Deutsche Telekom CEO Tim Hoettges has been pushing for a full merger with T-Mobile US since at least April 2026. The German carrier holds roughly a 53% stake in the U.S. wireless operator. A full merger would have created the world’s largest wireless operator by market value.
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