DT Acquires 6.7 million T Mobile US Shares Below Market Price

Deutsche Telekom is acquiring roughly 6.7 million additional shares in its subsidiary T Mobile US. It is exercising call options on shares held by SoftBank from Japan, which were agreed upon in June 2020, before the company acquired operator Sprint.

The fixed exercise price at that time of $101.46 per share is adjusted to $99.51 to account for the cumulative dividend payments made or recorded by T Mobile US of $1.95 since then. The agreement allows DT to acquire the shares at a 45 percent discount to the current price of the T Mobile US share of $179.82 as of June 7, 2024.

The transaction solidifies DT’s majority stake in T-Mobile US. The additional shares represent around 0.6 percent of T Mobile US’s outstanding shares. Upon completion of the transaction, DT will have exercised all 44.9 million fixed price options received from SoftBank to acquire shares.