Deutsche Telekom, a German telecommunications company, agreed to acquire an additional 5% stake in T-Mobile US, an American wireless network operator, from SoftBank, a Japanese multinational conglomerate holding company, for $4.9bn. "We are delighted to welcome SoftBank as a new key investor and strategic partner for Deutsche Telekom and can’t wait to get to work on the value creation opportunities from this cooperation for both SoftBank and Deutsche Telekom," Timotheus Höttges, Deutsche Telekom CEO.