By Mike Dano - 7/18/2022
Deutsche Telekom (DT) stands to gain around $10.9 billion from the
recent sale of a stake in its European cell tower business. The
company is widely expected to use that money to gain a majority stake
in T-Mobile in the US.
"Deutsche Telekom has been steadily increasing its stake in T-Mobile
US and currently sits at ~48% ownership," noted the financial analysts
at Raymond James in a recent note to investors. "With the capital
received from the GD Towers deal [DT] should be well on the path to
taking majority control of T-Mobile via the shares sale agreement with SoftBank. And we do not expect DT to sell any T-Mobile shares when
T-Mobile US begins its stock buyback program by 2023."
https://www.lightreading.com/5g/germanys-dt-poised-to-gain-majority-control-over-t-mobile-in-us/d/d-id/779077
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