WSJ Tech News Briefing · Thursday, September 3, 2026
Activist investor Elliott Investment Management has acquired a stake in Deutsche Telekom and is advocating for a merger with T-Mobile US. Deutsche Telekom currently owns 54% of T-Mobile. Alternatively, Elliott is urging Deutsche Telekom to increase shareholder returns through larger share buybacks.
“And activist investor Elliott Investment Management acquired a stake in Deutsche Telekom and is urging it to draw plans to merge with T-Mobile US.”
“Deutsche Telekom owns 54% of T-Mobile and has held discussions this year about combining the two to streamline operations.”
“A source tells a journal that instead of a merger, Elliott wants Deutsche Telekom to boost shareholder returns through larger share buybacks.”