Elliott Presses Deutsche Telekom on Capital Strategy and Merger Plans
Elliott Investment Management has built a stake in Deutsche Telekom and urges management to shelve any potential merger with T-Mobile US as the company reshuffles its leadership. Dhananjay Mirchandani becomes CFO, Jan Hofmeyr joins the board for Product and Technology, and Mladen Mitic steps in as Chief Product & Digital Officer. Separately, Deutsche Telekom’s IoT unit demonstrates voice messaging over Iridium’s direct L-band satellite network.