BREAKING NEWS

BREAKING NEWS

No US deal for Deutsche Telekom?

Now Reading:

No US deal for Deutsche Telekom?

Text size Aa Aa

US and German telecoms giants AT&T and T-Mobile are bracing themsleves for the possibility their near- 30 billion euro deal in the USA will bite the dust.

This comes after the US Federal Communications Commission voiced opposition on Tuesday, itself coming on the heels of Justice Department objections on competition grounds. That goes to trial in February.

Deutsche Telekom wants to sell its entire US operation to AT&T.

As a result it has withdrawn its application to the FCC and says it and AT&T will now concentrate on winning Justice Department approval.

If the sale collapses Deutsche Telekom might have to abandon its US interests, where it scrapes a nine percent share of a fiercely competitive market.