Technology

Deutsche Telekom Edges Closer to T-Mobile Control After Deal

Deutsche Telekom Edges Closer to T-Mobile Control After Deal

Deutsche Telekom AG paid $2.4 billion to SoftBank Group Corp. to increase its stake in T-Mobile US Inc., taking it closer to its goal of holding a majority of the U.S. division. The Bonn-based telecommunications company now holds 48.4% of the company after buying 21.2 million shares at an average price of $113 per T-Mobile share, according to a statement Wednesday.

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