Deutsche Telekom Shares Drop 3% on Merger

Deutsche Telekom shares fell over 3% after Bloomberg reported the firm is exploring a full merger with its U.S. unit T‑Mobile US.
The proposed combination would create the world’s largest wireless operator by market cap, valued around $385 billion, surpassing China Mobile’s $234.67 billion.
Deutsche Telekom holds ~53% of T‑Mobile, while the German state and KfW each own 14% of Deutsche Telekom, adding political complexity.
The merger remains at a preliminary stage, requiring political support in Germany and the United States, with terms still subject to change.