Stock Market News
Deutsche Telekom CEO eyes majority stake in T-Mobile US
2022.08.11 12:14
FILE PHOTO: Timotheus Hoettges, CEO of German telecommunications giant Deutsche Telekom AG is pictured before the general shareholders meeting, the first in-person assembly in two years amid the coronavirus disease (COVID-19) pandemic, in Bonn, Germany Ap
BERLIN (Reuters) – Acquiring a majority stake in T-Mobile U.S. is a priority for Deutsche Telekom (OTC:DTEGY)’s chief executive Timotheus Hoettgas, he said on Thursday after the telecoms operator published its second-quarter results.
“This is our most important strategic project at present,” Hoettgas said.
Deutsche Telekom currently holds a 48.4% stake in the company. This should increase to more than 50% in the medium term, he said.
