T-Mobile US Inc is trading at $177.62 (6.1% down) in after-hours trading following reports that its parent company, Deutsche Telekom, is proposing a full merger.
- Deutsche Telekom, which already owns over 53% of T-Mobile, reportedly aims to acquire the remaining stake to form a transatlantic telecom giant.
- The potential merger could be the largest telecom merger in history, with the combined entity reaching a valuation of $300-400 billion.
- The stock fell from its regular-session close of $189.10, while broader indices trended modestly higher into the close.