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T-Mobile USA may be Sold Off by Year End


 
 
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Old 07-04-2005, 10:15 PM
Mike Temporale
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Default T-Mobile USA may be Sold Off by Year End
http://www.washingtonpost.com/wp-dyn/content/article/2005/07/04/AR2005070400310.html

"Deutsche Telekom has been sounding out institutional investors on whether to sell off U.S. mobile operator T-Mobile USA or spend billions of dollars to expand the business, according to fund managers. Deutsche Telekom and T-Mobile USA officials declined to comment on what they called market rumors. In a series of one-on-ones meetings with major investment funds, Chief Financial Officer Karl-Gerhard Eick and other executives of Europe's biggest phone carrier told fund managers a decision would be made by the end of the year. But many investors are skeptical a buyer will emerge and question whether there was a sensible way to spend the $30 billion Deutsche Telekom could raise in a sale, and hope T-Mobile USA might need less investment if it goes on its own."

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Gulp! It looks like the carrier landscape in the US hasn't settled down yet. I thought we had seen all the sales and mergers for a good while - Guess not!
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