World VoIP NewsDT considering TMobile USA IPODT considering TMobile USA IPO

DT considering TMobile USA IPO

voip, mobile phone, mobile networks, nationwide, telecoms regulator
Deutsche Telekom (DT) has reportedly revealed that it is considering an initial public offering (IPO) or spinoff of its US-based arm, T-Mobile USA, Wall Street Journal reports.
Citing people familiar with the matter, the reports claim that the German group has consulted potential underwriters, including Deutsche Bank, and will make a final decision in the coming months. DT believes that an IPO could placate investors disappointed with the company’s performance in the US, while also funding network expansion.

As reported by CommsUpdate on 13 October 2009, DT CFO Timotheus Hoettges backed T-Mobile USA, saying: ‘There are four national players in the US market for 300 million households, while in Europe, where we have 350 million households, there are 50-70 operators. We believe in our chances of being a challenger.’ However, the operator reported a quarter-to-quarter decline in subscriber figures for the period ended 30 September 2009, down from 33.49 million wireless subscribers at the end of June 2009, to 33.42 million three months later. The company remained the fourth largest mobile operator by subscribers in the US, but the gulf between T-Mobile and the third largest cellco Sprint Nextel exceeded 14.8 million customers at the same date.

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