Deutsche Telekom no longer in the works of buying Sprint?
Just when you though the marriage of T-Mobile and Sprint were to happen some time down the road, Deutsche Telekom's CFO has made a comment that might have put an end to the speculations. Recent reports have hinted T-Mobile's parent company, Deutsche Telekom, was in the works of acquiring Sprint – possibly merging the number three and four carriers in the US. Timotheus Hoettges, Deutsche Telekom CFO, made a comment at how competitive the US mobile market is currently and that a point has been reached with the four big carriers. It's not like he mentioned that there would be no major headway between the rankings of the major domestic carriers, but a comparison to the current status of the European mobile phone market made it sound like it. Hoettges stated in a conference call in Frankfurt that “There are four national players in the U.S. market for 300 million households, while in Europe, where we have 350 million households, there are 50-70 operators. We believe in our chances of being the challenger.” So for now it looks like everyone is staying put.
via GigaOM
via GigaOM
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