Deutsche Telekom AG is exploring a potential full merger with T-Mobile US, according to multiple reports citing people familiar with the matter. The German telecommunications company is already T-Mobile's largest shareholder but is now weighing a complete combination of the two entities.

The discussions represent a significant strategic consideration for Deutsche Telekom as it evaluates options for its US wireless operations. T-Mobile US has been operating as a subsidiary of the German parent company, which maintains majority control of the American carrier.

No final decisions have been made regarding the potential transaction, and it remains unclear what structure such a combination might take or what timeline might be involved. The companies have not publicly commented on the reported discussions.

The potential merger comes as the telecommunications industry continues to consolidate globally, with companies seeking to achieve greater scale and operational efficiencies. Deutsche Telekom's consideration of a full combination with T-Mobile would represent one of the larger potential transactions in the sector.

T-Mobile US has grown significantly in recent years, particularly following its merger with Sprint in 2020, which positioned it as the third-largest wireless carrier in the United States behind Verizon and AT&T.