By Mike Dano - 7/18/2022
Deutsche Telekom (DT) stands to gain around $10.9 billion from the recent sale of a stake in its European cell tower business. The company is widely expected to use that money to gain a majority stake in T-Mobile in the US.
"Deutsche Telekom has been steadily increasing its stake in T-Mobile US and currently sits at ~48% ownership," noted the financial analysts at Raymond James in a recent note to investors. "With the capital received from the GD Towers deal [DT] should be well on the path to taking majority control of T-Mobile via the shares sale agreement with SoftBank. And we do not expect DT to sell any T-Mobile shares when T-Mobile US begins its stock buyback program by 2023."
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