Deutsche Telekom to offload T-Mobile US shares

German incumbent Deutsche Telekom plans to reduce its ownership of T-Mobile US, even though it only became majority shareholder in the operation earlier this year.
DT has yet to decide how many shares it plans to offload, but insists the sale will not jeopardise its majority position. The process is due to kick off next year.
T-Mobile used to be a wholly-owned subsidiary of Deutsche Telekom, once upon a time, but the acquisition of MetroPCS, followed by the merger with Sprint, diluted DT’s