Elliott Investment Management acquired a significant stake in Deutsche Telekom AG. The activist firm is pressuring the German telecommunications giant to abandon a potential merger with its majority-owned subsidiary, T-Mobile US.
Elliott advocates for alternative strategies to unlock shareholder value, specifically larger share buybacks. The firm seeks to replace the complex transatlantic combination with more direct capital returns.
T-Mobile executives and external investors previously flagged regulatory hurdles and operational complexity regarding the deal. Deutsche Telekom shares rose following the news of Elliott’s involvement.