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Deutsche Telekom CEO: T-Mobile U.S. can stand alone but open to consolidation

November 9, 2017 9:25 AM
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FRANKFURT - Deutsche Telekom CEO Tim Hoettges said its T-Mobile US unit was ideally positioned for an independent future after the failure of merger talks with Sprint Corp , but left the door open to consolidation.

"It was right to make an attempt. But it is just as right for T-Mobile US to continue now along its own path," Hoettges told a conference call after Telekom announced stronger third-quarter core earnings and raised its full-year outlook.

Hoettges flew 50,000 km in seven days in a bid to save the deal to unite the third- and fourth-largest U.S. market players, only to call it off last weekend because, he later told staff, it would not have added value.

Source: todayonline.com

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