Market Chatter: Elliott Builds Deutsche Telekom Stake, Opposes T-Mobile Merger

07:09 PM EDT, 09/02/2026 (MT Newswires) -- Elliott Investment Management has built a sizeable stake in Deutsche Telekom and opposes a potential merger with T-Mobile US, Bloomberg reported Wednesday, citing people familiar with the matter. Elliott instead wants Deutsche Telekom to consider measures including larger share buybacks to unlock shareholder value, the report said. Deutsche Telekom owns about 53% of T-Mobile. The activist investor's position puts it at odds with CEO Tim Hoettges, who has been pursuing a full combination of the companies, Bloomberg said. Elliott did not immediately respond to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)