T-Mobile avoids full absorption by Deutsche Telekom amid shareholder and CFIUS opposition
T-Mobile US said it would not be fully absorbed by Deutsche Telekom, with the deal facing opposition from minority institutional shareholders and the Committee on Foreign Investment in the United States (CFIUS). With a shareholder ballot outcome and regulatory gridlock viewed as unavoidable, T-Mobile moved to abandon the transaction to protect shareholder equity. Analysts also cut price targets after noting leverage of about 1.48 debt-to-equity amid tighter conditions.