Thursday, May 24, 2012

Reuters: Regulatory News: D.Telekom sees complete sale of U.S. unit unlikely

Reuters: Regulatory News
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D.Telekom sees complete sale of U.S. unit unlikely
May 24th 2012, 08:30

COLOGNE, Germany | Thu May 24, 2012 4:30am EDT

COLOGNE, Germany May 24 (Reuters) - Deutsche Telekom believes a complete sale of its T-Mobile USA unit is unlikely, the company told shareholders on Thursday, as it continues its search for a long-term solution for the troubled business.

"We must find other ways to increase the return on our capital, or reduce our capital investment," Chief Executive Rene Obermann said at the annual general meeting, referring to the unit.

Deutsche Telekom tried to sell T-Mobile USA to AT&T last year, but had to abandon the deal after heavy resistance from regulators.

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