Sievert took over the CEO post at T-Mobile from John Legere two years ago.
(Photo: AP)
san francisco Deutsche Telekom’s US mobile communications subsidiary, T-Mobile, has risen to become the most valuable telecommunications company in the world. It has overtaken US rivals Verizon and AT&T in stock market valuations. At the same time, it has also left competitors from China behind. This is the result of a Handelsblatt analysis of data from the Bloomberg finance agency.
T-Mobile reached a market capitalization of 179 billion euros on Tuesday. The US rival Verizon, on the other hand, was 175 billion euros. Chinese competitor China Mobile followed in third place in the ranking of the world’s most valuable telecommunications companies with a valuation of 145 billion euros.
That’s a surprising comeback story. For a long time, US business was considered Telekom’s problem child, which several CEOs have worked on in the past. Traditionally, German companies find it difficult to play at the top in the business with US consumers.
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