Elliott Pressures Deutsche Telekom to Drop T-Mobile Merger Plan

M&A · PartnershipManagement
โดย Reuters·DEUS·Read original
Summary · why it matters

Activist investor Elliott Investment Management has acquired a stake in Deutsche Telekom and is pressing the German telecom giant to abandon its planned merger with its U.S. subsidiary T-Mobile, according to two people familiar with the matter. Elliott opposes the merger and instead wants expanded share buybacks and other measures to boost shareholder value. The size of its stake is unclear, but under German law, holdings above 3% must be disclosed. Deutsche Telekom shares rose as much as 2.3% on Wednesday. Reuters reported in April that Deutsche Telekom was aiming to merge with T-Mobile, in which it holds about 54% of shares. In August, Deutsche Telekom announced it would expand its 2026 share buyback program by 3 billion euros ($3.48 billion) to up to 5 billion euros.

Impact on stocks 2

Cloud & Digital Infrastructure▲ · 2 stocks
Deutsche Telekom AG
DTE
▲ PositiveCapitalrelevance

Elliott's stake and push for buybacks and shareholder-value measures lifted Deutsche Telekom shares.

T-Mobile US Inc
TMUS
± Mixedrelevance

T-Mobile is the subsidiary at the center of the merger plan Elliott wants Deutsche Telekom to abandon, but no direct impact on T-Mobile itself is stated.

Off-coverage companies 1

Elliott Investment Management L.P.Private± Mixed
relevance

Elliott is the activist investor driving the campaign, but the article reports no financial impact on Elliott itself.

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