Deutsche Telekom says T-Mobile US share purchases worth over $7 bln - NewsBreak
By Gomez in Business
Updated 3 years ago
BERLIN, Sept 7 (Reuters) - Deutsche Telekom is paying more than $7 billion to raise its stake in its U.S. unit T-Mobile under a share-swap deal with Japan's SoftBank Group, CEO Tim Hoettges said on Tuesday. As part of the complex transaction, Deutsche Telekom will exercise option agreements, enabling it...