“René Obermann, Deutsche Telekom’s chief executive, underlined the company’s long-term commitment to its US business, but signalled he would not seek to revive it through acquisitions,” Andrew Parker reports for The Financial Times. “He told the Financial Times that he would restore growth at the US business by wooing customers who want to use mobiles that are capable of surfing the internet.”
“Germany’s leading telecoms company was rocked by a profit warning last year, when its US business started reporting falling revenue and earnings,” Parker reports.
“T-Mobile USA is hoping to capitalise on how AT&T, the second-largest US mobile operator, has suffered severe network congestion in some cities,” Parker reports. “AT&T’s problems stem partly from its status as the exclusive network for Apple’s bandwidth-hungry iPhone. The iPhone has provided AT&T with strong revenue growth, and T-Mobile USA is hoping to start selling the popular smartphone later this year or next year.”
Full article here.
[Thanks to MacDailyNews Reader "Terry O." for the heads up.]
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