Deutsche Telekom not interested in selling T-Mobile USA - report - Forbes.com
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AFX News Limited
Deutsche Telekom not interested in selling T-Mobile USA - report
07.05.2005, 04:25 AM
FRANKFURT (AFX) - Deutsche Telekom AG has no intention of selling its US mobile phone unit T-Mobile USA, German daily Sueddeutsche Zeitung reported, citing unnamed sources close to the management and supervisory boards.
The reports were 'purely fictitious' and were invented by financial investors in the US, the sources told the newspaper.
Deutsche Telekom's supervisory board did not recently discuss the sale of the US unit, the sources added.
The Wall Street Journal Europe reported earlier, citing unnamed sources, that the telecoms giant's management board has been discussing the divestment of T-Mobile USA and that a sale could value the mobile phone business at an estimated 25-30 bln usd.
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