Tech

Deutsche Telekom expands stake in US subsidiary

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Deutsche Telekom grabs further parts of its subsidiary T-Mobile US. In addition, the Bonn-based company is selling its business in the Netherlands. With the completion of both transactions, the stake in the US subsidiary increased by 5.3 points to 48.4 percent, the Dax group announced on Tuesday. For example, Telekom wants to buy around 45 million T-Mobile US shares from the Japanese conglomerate Softbank by means of a capital increase.

In return, he will receive around 225 million new Telekom shares, making it the second largest private shareholder in the Bonn group. In addition, Telekom wants buy around 20 million more T-Mobile US shares, which are to be financed by part of the proceeds from the agreed sale of T-Mobile NL.


(mho)

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