Elliott Builds Deutsche Telekom Stake, Opposes T-Mobile Merger

Elliott Investment Management acquired a stake in Deutsche Telekom AG and stated the company should not pursue a merger with its American subsidiary T-Mobile US Inc., according to people familiar with the matter. The specific size of Elliott's stake was not disclosed. Deutsche Telekom owns a majority stake in T-Mobile US. Elliott has not publicly detailed its rationale for opposing a potential combination of the two companies.

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