Deutsche Telekom Says No Offers Beat T-Mobile’s Standalone Value
As reported by Bloomberg earlier this month, Deutsche Telekom CEO announced that:
“We’re open to a transaction that creates value for all T-Mobile US shareholders, compared with continuing the business on its own,” Timotheus Hoettges said today on Deutsche Telekom’s earnings conference call. “Right now, there’s no such offer on the table.”
Urging that U.S. regulators consider blending phone and cable industries, Hoettges was concerned that the FCC is moving in the wrong direction.
Tom Wheeler, chairman of the U.S. Federal Communications Commission, said yesterday that “four national wireless providers is good for American consumers.” Hoettges responded that yesterday’s slump in share prices of Sprint and T-Mobile “couldn’t have been a clearer signal” that such thinking damages the smaller operators.