
Höttges is seeking support from Chancellor Merz and the federal government
AI-generated summary
Telekom is planning one of the largest mergers of two listed companies of all time. The US subsidiary T-Mobile US contributes around two thirds to group sales. The group will present quarterly figures on Thursday.
Berlin, Düsseldorf. It would be one of the largest mergers of two publicly traded companies ever. Telekom boss Timotheus Höttges is continuing to push ahead with the merger with the group's US subsidiary, T-Mobile US. The current focus is primarily on getting the support of Chancellor Friedrich Merz (CDU) and the federal government, as four insiders told the Handelsblatt.
One reason: Billionaire Elon Musk is challenging the entire telecommunications industry and is pushing ahead with his plans to expand his own mobile communications offering. With Starlink, Musk already offers mobile communications via satellite as a supplement to classic tariffs. In the USA, the purchase of the satellite operator Echostar's mobile communications subsidiary Boost could be imminent, as the Washington Post reported on Monday.
This could create a new competitor for Telekom in the USA. T-Mobile shares then fell by more than two percent. The US subsidiary contributes around two thirds of Telekom's sales. The group will present quarterly figures on Thursday.
AI outlook — possibilities, not facts
Telekom will seek the support of Chancellor Merz and the federal government for the merger with T-Mobile US.
Likely · Within weeks
Echostar could complete its purchase of Boost in the US.
Possible · Within days

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