Deutsche Telekom shares jump after reports say Elliott builds stake, opposes T-Mobile deal

The logo of Deutsche Telekom is pictured at the GSMA’s 2023 Mobile World Congress (MWC) in Barcelona, Spain February 28, 2023. REUTER

Sept 3 (Reuters) – Deutsche Telekom (DTEGn.DE), shares ​opened 1.5% higher ‌on Thursday, topping Germany’s ​blue-chip ​index (.GDAXI), after a source ⁠said ​Elliott Investment Management had ​built a stake in the ​German telecommunications ​company, with a ‌Bloomberg ⁠News report saying the activist investor ​was ​urging ⁠it to abandon ​a potential merger ​with ⁠unit T-Mobile US ..

Reporting by ⁠Emanuele ​Berro ​in Gdansk, editing ​by Milla Nissi-Prussak