Deutsche Telekom Won't Sell T-Mobile USA

From Associated Press

Deutsche Telekom has decided against selling its T-Mobile USA unit and will instead work to expand the U.S. wireless unit, the company said.

"There is no reason for a sale," Chief Executive Kai-Uwe Ricke was quoted as saying in the Frankfurter Allgemeine Zeitung. "America is and remains a growth engine for us," Ricke added.

Ricke said Deutsche Telekom would decide by the end of this year how it would proceed with costly investments in a so-called 3G network, either bidding alone or gathering partners for a joint bid to operate one.

Copyright © 2019, Los Angeles Times
EDITION: California | U.S. & World
71°