Elliott builds stake in Deutsche Telekom, urges dropping T-Mobile merger
Elliott Investment Management has built a sizeable stake in Deutsche Telekom and urged the German teleco to ditch a potential merger with T-Mobile US, Bloomberg News reported.
Elliott Investment Management has built a sizeable stake in Deutsche Telekom XETR:DTE and indicated that the company should ditch a potential merger with T-Mobile US NASDAQ:TMUS, Bloomberg News reported on Tuesday, citing people familiar with the matter.The activist investor wants the German teleco…