Deutsche Telekom moves closer to owning more than 50% of T-Mobile U.S.
Deutsche Telekom moves close to majority ownership of T-Mobile U.S.
T-Mobile U.S. has risen over the last few years from being last among the four major carriers in the states to number two thanks to its early lead in 5G services. After all the dust settles, SoftBank will own 3.3% of T-Mobile U.S. The company is following the lead of its founder, Masayoshi Son by moving away from telecommunications to focus on investing.
Deutsche Telekom’s Hoettges says, “This is a very attractive transaction for Deutsche Telekom and its shareholders to further benefit from the value creation potential in T-Mobile US and beyond.” Because the deal triggers certain options held by the German telecom firm, the latter paid only $109 for the 65 million shares of T-Mobile U.S. it purchased. That’s a huge savings from the $135 that the stock is trading for in the open market.
