Deutsche Telekom reportedly considering merger with T-Mobile US

Deutsche Telekom is considering merging its business with T-Mobile US in a move that would create a multinational telecom group, according to a Bloomberg report. Deutsche Telekom, which holds a 53 percent stake in T-Mobile, has reportedly discussed the merger with its US subsidiary. A potential deal would create a corporate group controlling both companies' operations, jointly owned Deutsche Telekom said it does not comment on speculation regarding corporate activity. T-Mobile declined to comment. The report notes that discussions are in preliminary stages and would likely require political support in both Germany and the US. German state-owned lender KfW owns about 28 percent of Deutsche Telekom, giving it significant influence over whether the deal proceeds. Sources said the new holding company would likely be incorporated in a European jurisdiction outside Germany. Deutsche Telekom regained its majority stake in T-Mobile in 2023 after holding a stake since 2001. T-Mobile US appointed Srini Gopalan as CEO last year, replacing Mike Sievert in November. Gopalan was previously CEO of Deutsche Telekom.