Friday, December 23, 2011

Deutsche Telekom CEO says working on T-Mobile plan (Reuters)

FRANKFURT (Reuters) ? Deutsche Telekom is working on a long-term plan for its U.S. wireless unit after a deal with AT&T collapsed, Chief Executive Rene Obermann said on Tuesday.

"In the long term, we need more spectrum and network capacity. We are working on that," Obermann told journalists during a conference call, but he declined to say what Deutsche Telekom's "Plan B" for the unit was.

AT&T said on Monday it had dropped its $39 billion bid for T-Mobile USA, bowing to fierce regulatory opposition and leaving both companies scrambling for alternatives.

(Reporting by Maria Sheahan)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20111220/bs_nm/us_deutschetelekom

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