Wednesday, 18 October 2017

Deutsche Telekom has no backup plan for T-Mobile USA

By Nick Wood, Total Telecom
Thursday 01 September 11

German incumbent insists 'everything under control' as recriminations fly in wake of U.S. government's move to block AT&T deal.

A Deutsche Telekom board member revealed on Thursday that the company has not considered any alternative options for T-Mobile USA other than a sale to AT&T, reports Bloomberg. Despite this, Niek Jan van Damme said the German incumbent has "everything under control" in relation to the proposed merger, insisting that its investment plans would not be affected in the event that the deal does not proceed. "Of course extra funds would be good," he admitted, in the report. Van Damme made his comments in the wake of a lawsuit filed on Wednesday by the U.S. Department of Justice (DoJ) that seeks to block the $39 billion acquisition of T…

A Deutsche Telekom board member revealed on Thursday that the company has not considered any alternative options for T-Mobile USA other than a sale to AT&T, reports Bloomberg. Despite this, Niek Jan van Damme said the German incumbent has "everything under control" in relation to the proposed merger, insisting that its investment plans would not be affected in the event that the deal does not proceed. "Of course extra funds would be good," he admitted, in the report. Van Damme made his comments in the wake of a lawsuit filed on Wednesday by the U.S. Department of Justice (DoJ) that seeks to block the $39 billion acquisition of T…

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