Rene Obermann

"Telekom is planning to work out a new strategy for T-Mobile USA in the coming weeks," the person told Reuters, adding that no date had been set to unveil the plan but it would certainly not be before 2011 results are published on February 23. A Deutsche Telekom spokesman declined comment. The Financial Times newspaper also reported that Telekom was working on a new strategy. Telekom Chief Executive Rene Obermann said another buyer would not be easy to find after AT&T dropped its bid for the...Read Full Story

FRANKFURT ( Reuters ) - Deutsche Telekom may be forced into a tie-up of its sub-scale U.S. wireless unit with Sprint Nextel after a $39 billion deal with AT&T collapsed. AT&T said on Monday it had dropped its bid for T-Mobile USA , bowing to fierce regulatory opposition and leaving both companies scrambling for alternatives. While Deutsche Telekom is now walking away with a $6 billion breakup package, its chief executive Rene Obermann has lost a lot of time and will now have to invest in the...Read Full Story

FRANKFURT ( Reuters ) - Deutsche Telekom offered no detailed plan of how it will bounce back from the collapse of its deal with AT&T, only assuring investors on Tuesday it was working on a long-term plan for its subscale U.S. wireless unit. AT&T said on Monday it had dropped its $39 billion bid for T-Mobile USA , bowing to fierce regulatory opposition and leaving both companies scrambling for alternatives. "In the long term, we need more spectrum and network capacity. We are working on that...Read Full Story

AT&T has dropped its controversial $39 billion bid for Deutsche Telekom’s U.S. wireless unit, bowing to fierce regulatory opposition and leaving both companies scrambling for alternatives. AT&T will have to find another way to address its shortage of wireless airwaves while Deutsche Telekom has to go back to the drawing board on what to do with T-Mobile USA, the struggling U.S. business it had desperately wanted to shed. The failure of the deal, which was seen as a tough sell from the...Read Full Story

FRANKFURT ( Reuters ) - Deutsche Telekom offered no detailed plan of how it will bounce back from the collapse of its deal with AT&T only assuring investors it was working on a long-term plan for its subscale U.S. wireless unit. AT&T said on Monday it had dropped its $39 billion bid for T-Mobile USA , bowing to fierce regulatory opposition and leaving both companies scrambling for alternatives. There has been mounting speculation that Deutsche Telekom may be forced to sell assets, such as UK...Read Full Story