German incumbent Deutsche Telekom continues to fend off speculation that a sale of its US unit T-Mobile USA is on the cards. Deutsche Telekom CEO Rene Oberman told Financial Times Deutschland today that the telco is committed to its US based mobile…
German incumbent Deutsche Telekom continues to fend off speculation that a sale of its US unit T-Mobile USA is on the cards.
Deutsche Telekom CEO Rene Oberman told Financial Times Deutschland today that the telco is committed to its US based mobile operator and that it aims to strengthen its position in the country, although it still struggles with local competitors.
By subscribers T-Mobile USA is fourth on the US mobile market.
Oberman argued that the US market represented a growth opportunity for the German telco, as consumers are adopting mobile devices beyond traditional handsets, and penetration rates could rise up to 500% or even 1000%, potentially. He added that Deutsche Telekom will continue to invest in the US business in the coming years in an effort to continue to be able to take full advantage of the opportunities on the local market, and that he sees great revenue prospects in mobile internet, which would justify such investments. For 2010, DT expects to invest some US$3bn in its US venture.
