"This is a very attractive transaction for Deutsche Telekom and its shareholders to further benefit from the value creation potential in T-Mobile US and beyond," Hoettges said.
Deutsche Telekom had options to lift its stake in T-Mobile US above 50%, Hoettges told a briefing, either by exercising further options or sitting out the $60 billion in share buybacks that the U.S. company plans in the coming years. For SoftBank founder Masayoshi Son, the share swap deal substitutes a residual stake in the U.S. business for a strategic holding in Deutsche Telekom, which is also present in a dozen European countries.
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