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Deutsche Telekom Won’t Sell T-Mobile USA
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While Deutsche Telekom’s T-Mobile unit has seen a lot of growth, it looks like they are not going to be selling it off anytime soon.
Deutsche Telekom AG has decided against selling its T-Mobile USA unit and will instead work to expand the U.S. wireless unit, the company said Friday.
“There is no reason for a sale,” CEO Kai-Uwe Ricke was quoted as saying in the Frankfurter Allgemeine Zeitung.
“On the contrary, we are now in the process of preparing for the next step. That includes taking part in the tender for new (wireless) spectrum,” he said in remarks posted on the paper’s Web site ahead of publication on Saturday.
“America is and remains a growth engine for us,” Ricke added.
The company confirmed his comments. [Read the rest]