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.

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