T-Mobile US chief executive Srini Gopalan declined to comment on a possible merger with parent Deutsche Telekom, days after Elliott built a stake to oppose it. A full combination would put the holding company outside Germany and cut the German state and KfW’s joint holding from about 28% to roughly 17%.
T-Mobile US chief executive Srini Gopalan is selling home internet and AI as the growth story. He told Bloomberg he will not manage the company to a quarterly share price, Bloomberg reported.
The shares are down 25% since he was named to the job last September. Second-quarter revenue missed and subscriber growth fell 13% year on year.
He would not discuss the merger. Elliott Investment Management has built a stake in parent Deutsche Telekom and wants the plan dropped in favour of buybacks.
That is the story sitting inside the interview. Deutsche Telekom owns just over 53% of T-Mobile US.
