Salem Radio Network News Wednesday, September 28, 2022

Business

Deutsche Telekom CEO eyes majority stake in T-Mobile US

BERLIN (Reuters) – Acquiring a majority stake in T-Mobile U.S. is a priority for Deutsche Telekom’s chief executive Timotheus Hoettgas, he said on Thursday after the telecoms operator published its second-quarter results.

“This is our most important strategic project at present,” Hoettgas said.

Deutsche Telekom currently holds a 48.4% stake in the company. This should increase to more than 50% in the medium term, he said.

(Reporting by Nadine Schimroszik, Writing by Rachel More; Editing by Paul Carrel)

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