Deutsche Telekom Buys Additional T-Mobile US Shares for $2.4 Billion

The GSM mobile phone antennas of Deutsche Telekom AG atop the German telecoms giant's headquarters in Bonn, Germany. Wolfgang Rattay/Reuters

DUESSELDORF, Germany—Deutsche Telekom said it has bought additional shares in T-Mobile US from Softbank for $2.4 billion, bringing CEO Tim Hoettges closer to his goal of securing direct control over the U.S. telecoms operator.

The purchase of the 21.2 million shares via a call option raises Deutsche Telekom’s stake in T-Mobile US to 48.4 percent, within touching distance of a majority stake, from below 47 percent, the German company said on Wednesday.