Deutsche Telekom Confirms Keeping T-Mobile USA Unit
FRANKFURT -(Dow Jones)- Deutsche Telekom AG (DT) Friday confirmed it has decided to keep its U.S. wireless arm, T-Mobile USA Inc.
The Wall Street Journal earlier Friday reported that the German telecoms company decided to keep the unit, quelling rumors that the fourth-biggest U.S. cellular carrier is up for sale. It cited people familiar with the situation.
Deutsche Telekom management has long debated whether to sell T-Mobile USA, merge it with another U.S. wireless operator or keep it and continue to invest billions of dollars in its network.
As recently as May, Deutsche Telekom Chief Executive Kai-Uwe Ricke was floating the idea to investors of selling the U.S. operation, but he decided against it, partly because the response w...
(continues)
The Wall Street Journal earlier Friday reported that the German telecoms company decided to keep the unit, quelling rumors that the fourth-biggest U.S. cellular carrier is up for sale. It cited people familiar with the situation.
Deutsche Telekom management has long debated whether to sell T-Mobile USA, merge it with another U.S. wireless operator or keep it and continue to invest billions of dollars in its network.
As recently as May, Deutsche Telekom Chief Executive Kai-Uwe Ricke was floating the idea to investors of selling the U.S. operation, but he decided against it, partly because the response w...
(continues)
...
