wsj.com

Elliott Builds Stake in Deutsche Telekom and Presses to Drop T-Mobile Merger

Deutsche Telekom logoDeutsche Telekom
Sig3.00Sen-1.90Env0.00Soc0.00Gov-1.50
T-Mobile US logoT-Mobile US
Sig2.74Sen-1.54Env0.00Soc0.00Gov-1.38

Activist investor Elliott Investment Management has built a stake in Deutsche Telekom and is urging it to abandon talks about merging with T-Mobile US. Deutsche Telekom holds a 54% stake in T-Mobile and has discussed combining the two firms to create a larger telecom group; shares rose in Germany and premarket in New York.

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