SCHEDULE: Deutsche Telekom Maintains 55.9% Stake in T-Mobile US

Deutsche Telekom AG and its subsidiaries have updated their Schedule 13D filing, confirming their substantial beneficial ownership of 55.9% of T-Mobile US, Inc. common stock.

Summary

• This filing is an amendment to a Schedule 13D, updating the beneficial ownership information for T-Mobile US, Inc. (the 'Issuer').
• The reporting persons are Deutsche Telekom AG, T-Mobile Global Zwischenholding GmbH, T-Mobile Global Holding GmbH, and Deutsche Telekom Holding B.V.
• As of October 23, 2026, the reporting persons beneficially own an aggregate of 592,065,875 shares of Common Stock.
• This ownership represents 55.9% of the total outstanding shares of T-Mobile US, Inc.
• The increase in percentage ownership is attributed to a decrease in the total number of outstanding shares due to issuer repurchases.
• Specific individuals on Deutsche Telekom's supervisory board also beneficially own a small number of shares, less than 0.01%.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this filing as moderately positive, primarily due to the clear disclosure of Deutsche Telekom's significant and stable ownership stake in T-Mobile US, Inc., indicating continued strategic interest and control.

Positives

• Confirmation of Deutsche Telekom's substantial and controlling ownership stake (55.9%) in T-Mobile US, Inc.
• The filing clearly outlines the aggregate beneficial ownership, providing transparency for investors.
• The increase in ownership percentage due to share repurchases by the issuer can be seen as a positive signal of capital efficiency.

Negatives

• The filing does not contain any new financial performance data or strategic initiatives, focusing solely on ownership structure.
• The disclosure of individual board members' minor shareholdings is standard but does not represent significant insider investment.

Risks

• Potential future changes in ownership structure or strategic direction by Deutsche Telekom could impact T-Mobile US.
• Regulatory scrutiny or changes in telecommunications policy could affect both Deutsche Telekom and T-Mobile US.
• The concentration of ownership by a single entity (Deutsche Telekom) could limit the influence of other shareholders.

Future Outlook

The filing does not contain specific forward-looking statements or guidance regarding T-Mobile US, Inc.'s future performance. It primarily serves to update ownership information.

Management Comments

• "During the last five years, to the best of each Reporting Persons knowledge, no person on this table has been (a) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (b) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which proceeding such person is or was subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws."
• "Deutsche Telekom disclaims beneficial ownership in any Common Stock held by Delaware Project 6 L.L.C., Delaware Project 9 L.L.C. and Signal Bright LLC ("Signal Bright"), each a wholly-owned subsidiary of SoftBank Group Corp. ("SoftBank"), if such Common Stock is not subject to the Proxy."
• "Except as previously reported on this Schedule 13D, to the best knowledge of the Reporting Persons, none of the Reporting Persons has effected any transaction in Common Stock in the 60 days preceding the date hereof."

Industry Context

StockSavvy.ai notes that this filing reinforces Deutsche Telekom's position as a dominant shareholder in T-Mobile US, a key player in the highly competitive US telecommunications market. This level of ownership is typical for a parent company maintaining significant strategic control over a major subsidiary.

Stakeholder Impact

• Shareholders of T-Mobile US, Inc.: The continued majority ownership by Deutsche Telekom provides stability but may limit independent strategic decision-making or potential acquisition offers from third parties.
• Creditors of T-Mobile US, Inc.: Deutsche Telekom's strong backing can be viewed as a positive for creditworthiness.
• Employees of T-Mobile US, Inc.: The filing does not directly impact employees, but strategic decisions by Deutsche Telekom could indirectly influence employment levels or company direction.

Next Steps

• Continued monitoring of T-Mobile US, Inc.'s performance and any future amendments to the Schedule 13D filing.
• Observation of any strategic decisions or capital allocation changes by Deutsche Telekom concerning its stake in T-Mobile US.

Key Dates

Keywords

T-Mobile US, Deutsche Telekom, Schedule 13D, Beneficial Ownership, Common Stock, Ownership Stake, Telecommunications