Deutsche Telekom Edges Closer to T-Mobile Control After Deal (2)

Deutsche Telekom AG paid $2.4 billion to SoftBank Group Corp. to increase its stake in T-Mobile US Inc., taking it closer to its goal of holding a majority of the U.S. division.

The Bonn-based telecommunications company now holds 48.4% of the company after buying 21.2 million shares at an average price of $113 per T-Mobile share, according to a statement Wednesday. The company is using part of the approximately 4 billion euros received from the recently completed sale of T-Mobile Netherlands to purchase the stake.

While European telecom firms struggling due to fierce competition and tough regulation, Deutsche Telekom ...