After Failed Deal With AT&T, T-Mobile USA All Set To Hit New High, Planning For Future

Posted on May 24 2012 - 10:45am by Editorial Staff

Following the failed acquisition by US mobile carrier AT&T, T-Mobile USA will work towards boosting the business back on track, said Chief Executive Rene Obermann. “We continue to look for a long-term solution to improve earnings in our U.S. business,” Obermann told shareholders at Deutsche Telekom’s annual general meeting in Cologne, according to prepared remarks. “However, a complete sale like the one to AT&T is considered unlikely.”

Obermann added that Deutsche Telekom has to find other ways in order to increase its return on capital or reduce its capital investment in the U.S. T-Mobile USA already having  plans and is rolling out a fourth-generation mobile network based on long-term evolution, or LTE, technology in 2013, leading to additional investments of $1.4 billion over two years.

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