Deutsche Telekom now owns a 50.2% majority stake in T-Mobile US. The news was confirmed by CEO Timotheus Höttges yesterday at DT’s 2023 annual shareholders’ meeting in Bonn, Germany. The new deal has reportedly been valued at $1 billion and comes after years of Deutsche Telekom increasing its ownership stake in T-Mobile. The US carrier is DT’s most profitable unit with a market cap of $178 billion and 110 million reported 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 also announced its goal to be completely climate-neutral by 2025 and to have its entire value chain climate-neutral by 2040.
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