The most valuable network operator in the world
Sievert took over the CEO post at T-Mobile from John Legere two years ago.
(Photo: AP)
san francisco The US mobile communications subsidiary Deutsche Telekom, T-Mobile, has become the most valuable telecommunications company in the world. It has US rivals when it comes to stock market valuations Verizon and AT&T obsolete. 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 was 175 billion euros. The 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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