Deutsche Telekom now owns a 50.2% majority stake in T-Mobile US. The news was confirmed by CEO Timotheus Höttges at DT’s 2023 Annual Shareholders’ Meeting in Bonn, Germany yesterday. The new deal is reportedly worth $1 billion and comes years after Deutsche Telekom increased its ownership stake in T-Mobile. The US carrier is DT’s most profitable unit, with a market capitalization of $178 billion and 110 million customers.
Timotheus Höttges at the Deutsche Telekom Annual Shareholders’ Meeting 2023
T-Mobile recently made headlines with the acquisition of Mint Mobile and Ultra Mobile in a deal valued at $1.35 billion. Deutsche Telekom has also announced its goal to be completely climate-neutral by 2025 and the entire value chain to be climate-neutral by 2040.
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