Activist hedge fund Elliott Management has built a significant position in Deutsche Telekom and is urging the German telecoms group to abandon potential plans to combine with its US subsidiary T-Mobile US, according to a report by the Financial Times.
The report cites unnamed people familiar with the matter as saying that instead, Elliott wants Deutsche Telekom to concentrate on measures it believes could deliver more immediate value for shareholders, including share buybacks.
The size of Elliot...
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