Deutsche Telekom is trading 4.9% up at €28.08 as investors digest reports indicating that its U.S. subsidiary, T-Mobile US, no longer supports a potential merger between the two entities.
- The stock climbed as market participants reassessed group strategy and deal expectations following the shift in the relationship with its American unit.
- Momentum is being further supported by a broadly positive global risk backdrop, which has provided a favorable environment for the shares.
- The reports, dated August 3, 2026, suggest a significant change in the long-term integration outlook for the telecommunications giant.