Deutsche Telekom slips after U.S. subsidiary announces new CEO

ReutersSep 22, 2025 12:05 PM

Shares in Deutsche Telekom DTEGn.DE slip 2% after its subsidiary T-Mobile TMUS.O said its current chief operating officer, Srini Gopalan, will take over from Mike Sievert as the company's next CEO effective November 1

A trader told Reuters the news is affecting the Germany company's share price

Still, the trader adds the news was expected and "is probably the best solution"

Deutsche Telekom's stock is amongst biggest fallers on Germany's blue-chip index .GDAXI

Shares in T-Mobile fall nearly 2% in premarket trading

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