Deutsche Telekom is said in talks for SoftBank's T-Mobile stake

A customer wearing a protective mask exits a T-Mobile store in San Francisco on March 16, 2021. Foto: Bloomberg/David Paul Morris

Deutsche Telekom is in talks about a potential offer for SoftBank Group's 8.5% stake in T-Mobile US in a bid to gain greater control over its U.S. affiliate, according to people familiar with the matter.

The terms of a potential deal, including whether Deutsche Telekom might bid for the entire stake to get majority control, haven't been finalized and no firm decision has been made about an offer, said the people, who asked not to be identified because the talks are private. Deutsche Telekom Chief Executive Officer Tim Hoettges may reveal plans to expand the company's U.S. presence at a capital markets day this week, one of the people said...

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