Deutsche Telekom moves towards US control with Softbank deal

Deutsche Telekom has agreed a share-swap deal with Softbank that will give it greater control of T-Mobile US, while the Japanese firm will take a stake in DT.
The deal is part of a broader restructuring for the German incumbent, coming alongside the sale of its T-Mobile Netherlands business, the proceeds from which will fund part of the US buy, and amidst talk of changes elsewhere in its portfolio. Change is afoot at Deutsche Telekom, but for now it’s all about that valuable US asset.
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