Elliott has built stake in Deutsche Telekom, opposes T-Mobile merger, Bloomberg News reports

​Elliott Investment ​Management ‌has built a ​sizeable stake in Deutsche ‌Telekom and indicated that the company should ditch a ‌potential merger with T-Mobile ‌US, its American arm, Bloomberg News reported on Tuesday, ⁠citing ​people ⁠familiar with the matter. The activist ⁠investor wants the German ​telecom company to consider alternative ⁠ways to unlock shareholder ⁠value, ​including larger share buybacks, the report ⁠added.

Reuters could not immediately verify ⁠the ⁠report.