According to media reports, Deutsche Telekom entered talks with SoftBank Group to buy the Japanese company’s stake in T-Mobile US. The German incumbent considers is said to be going on increasing its ownership of the business.
The German operator currently owns 43 percent of T-Mobile US and has a right to acquire up to 51 percent of the company by purchasing the stake currently held by SoftBank. SoftBank gave DT the option to purchase its shares last year. The Japanese operator has also given DT the right to vote its shares, meaning that Deutsche Telekom has a controlling interest in T-Mobile US already.
DT has been T-Mobile US’s controlling shareholder since acquiring the company in 2001. According to T-Mobile US, any acquisition of additional shares by DT does not change their existing governance structure, which is already spelled out in a stockholders agreement. It could, however, give Deutsche Telekom a larger portion of T-Mobile US’s profit.
T-Mobile US has proven to be a top-earner for DT, contributing more than half of its income in Q1. Deutsche Telekom could also pick up the extra shares at an attractive price. According to Bloomberg, SoftBank gave DT the option to buy some of its shares for roughly $100 each. T-Mobile US stock was trading last week at around $135.
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