🔴 Deutsche Telekom is trading 7.9% down after SpaceX deal raised Starlink Mobile competition concerns

Deutsche Telekom is trading 7.9% down at €24.70 after SpaceX’s agreement to acquire nationwide U.S. low-band spectrum raised concerns about competition from Starlink Mobile.

• Reuters reported a 7.9% fall on October 9, its steepest one-day drop in more than three years; Deutsche Telekom’s 54% T-Mobile US stake linked it to the concerns.
• Reporting identifies the deal as the October 9 catalyst, not a separate October 12 catalyst; the deal remains subject to regulatory approval.
• The supplied price context labels €24.70 live despite the stated market closure.