- Elliott has accumulated a sizeable stake in Deutsche Telekom and opposes a potential combination with its American arm, T-Mobile US.
- The activist investor is pressing Deutsche Telekom to pursue alternative value-unlocking measures, including larger share buybacks.
Quotes
“Elliott Investment Management has built a sizeable stake in Deutsche Telekom AG and indicated the German telecommunications giant should ditch a potential merger with its American arm T-Mobile US Inc.”
“The activist investor instead wants Deutsche Telekom to consider alternative ways to unlock shareholder value, including larger share buybacks”