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Deutsche Telekom CEO Obermann Says May Sell Towers in U.S.

Deutsche Telekom AG may sell its tower assets in the U.S. to fund the purchase of spectrum for its next-generation network, Chief Executive Officer Rene Obermann said today.

“We have the biggest number of those towers compared to our competitors and that’s not something as an operator you run with utmost efficiency,” Obermann said during a T-Mobile USA strategy presentation in New York. “That sale could be significant,” he said, without providing details.

To contact the reporters on this story: Greg Bensinger in New York at gbensinger1@bloomberg.net; Ragnhild Kjetland in Frankfurt at rkjetland@bloomberg.net

To contact the editor responsible for this story: Vidya Root at vroot@bloomberg.net

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