# Deutsche Telekom reaches majority stake in T-Mobile U.S. – CEO
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-04-05
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Deutsche Telekom takes majority stake in T-Mobile U.S.
Meta Description: Deutsche Telekom now holds a majority stake in T-Mobile U.S., making it the largest shareholder with significant gains in value. Read more here.
URL: https://financedigest.com/deutsche-telekom-reaches-majority-stake-in-t-mobile-u-s-ceohtml

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(Reuters) – Deutsche Telekom now holds a majority in T-Mobile U.S., the chief executive of the German telecoms company said on Wednesday.

The company reached a majority stake in T-Mobile U.S late Tuesday, [CEO Tim Höttges said at the company’s](https://www.financedigest.com/in-listening-mode-new-bayer-ceo-keeps-open-mind-on-company-split.html "In listening mode, new Bayer CEO keeps ‘open mind’ on company split") annual general meeting.

We have the majority and are the largest shareholder of the [world’s most valuable telecommunications company](https://www.financedigest.com/kelda-technology-selected-as-one-of-thetop-30-cleantech-companies-in-the-world.html "Kelda Technology selected as one of thetop 30 cleantech companies in the world") – T-Mobile U.S.,” he said.

Since 2013, the value of T-Mobile U.S. has increased by 153 [billion euros](https://www.financedigest.com/europes-spend-on-energy-crisis-nears-800-billion-euros.html "Europe’s spend on energy crisis nears 800 billion euros") ($167.44 billion).

The increase in value for Deutsche Telekom’s shareholders stood at more than 70 [billion euros](https://www.financedigest.com/telecoms-group-orange-signs-sustainability-linked-refinancing-of-6-billion-euros-syndicated-credit-facility.html "Telecoms group Orange signs sustainability-linked refinancing of 6 billion euros syndicated credit facility"), Höttges said.

Deutsche Telekom estimates that the benefits of the transaction – between $7.2 and $7.5 [billion – will outweigh the costs](https://www.financedigest.com/australias-nuclear-submarine-plan-to-cost-up-to-245-billion-by-2055-defence-official.html "Australia’s nuclear submarine plan to cost up to 5 billion by 2055 -defence official"), which will amount to less than $1 billion in 2023.

($1 = 0.9137 euros)

(Reporting by Tom Käckenhoff, writing by Linda Pasquini, editing by Friederike Heine)


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