Germany’s $260 Billion Megadeal Is Worth a Hearing: Chris Hughes

You want European champions? Try this for size. Deutsche Telekom AG is considering taking full control of T-Mobile US Inc. in a move that could create a $260 billion transatlantic telecoms giant. It’s easy to see why the German suitor wants to go from being T-Mobile’s lead shareholder to its outright owner. The benefits for T-Mobile are less obvious — until you consider its future without a deal.

T-Mobile, worth $210 billion, has grown rapidly in recent years. Deutsche Telekom owns 53% from past dealmaking and this exposure is the dominant driver of its share price. More than 70% of the German ...