Deutsche Telekom CEO eyes majority stake in T-Mobile US By Reuters


© Reuters. FILE PHOTO: Timotheus Hoettges, CEO of German telecommunications giant Deutsche Telekom AG is pictured before the general shareholders meeting, the first in-person assembly in two years amid the coronavirus disease (COVID-19) pandemic, in Bonn, Germany Ap

BERLIN (Reuters) – Acquiring a majority stake in T-Mobile U.S. is a priority for Deutsche Telekom (OTC:)’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.

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