Deutsche Telekom (DTEGn.DE) shares leapt as much as 16 percent on Monday after the company agreed to sell T-Mobile USA to AT&T (T.N) for $39 billion, giving it ample scope for share buybacks and dividend payments. The German telecoms giant ended uncertainty about the future of its U.S. mobile business with the deal, which creates a new U.S. industry leader with Deutsche Telekom as its largest shareholder holding 8 percent. Deutsche Telekom has for years been trying to find a solution for its U.S. mobile business, which has been a cash cow for the company but lacks the necessary scale to compete with giants AT&T and Verizon Wireless (VZ.N)(VOD.L).
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