Jewish Billionaire Paul Singer Buys Part Of Deutsche Telekom And Moves To Block Its Planned $300 Billion Merger With T-Mobile

Deutsche Telekom is the $157 billion German phone company that already owns roughly 54% of T-Mobile. Although it controls T-Mobile, the two remain separate companies with different shares. Deutsche Telekom has been discussing a deal that would place both businesses under one new company.

That deal could become the largest merger between publicly traded companies in history. But Singer’s firm, Elliott Investment Management, believes it is too complicated and could hurt investors. Elliott wants Deutsche Telekom to forget the merger and spend more of its money buying back its own shares.

Singer is not the only person fighting the plan. T-Mobile’s American executives reportedly told Deutsche Telekom that they no longer support it because major investors could vote against it and American regulators may object.

Singer started Elliott with just $1.3 million in 1977 and turned it into a financial powerhouse managing approximately $73 billion. He is also a major supporter of Israel and Jewish organizations. The size of Elliott’s new Deutsche Telekom ownership has not been revealed, but its arrival has already placed Singer directly inside the battle over T-Mobile’s future.