Deutsche Telekom AG (DTE) has “everything under control,” with regards to the sale of T-Mobile USA to AT&T Inc., board memberNiek Jan van Damme told reporters on the sidelines of the IFA consumer electronics fair in Berlin today. Van Damme said the company doesn’t depend on the cash from the deal to pursue its investment plans in other markets, adding that “of course extra funds would be good.”
Since the deal was struck, Deutsche Telekom did not pursue other options for T-Mobile USA, van Damme said.
“We’ve been focused on this deal,” he said, adding that it “is not over.”
The board and supervisory board were gathered for a regular meeting yesterday when they were handed the news at about 4.30 p.m. in Bonn that the U.S. Justice Department sued to block the transaction, he said.
Deutsche Telekom rose 9.4 cents, or 1.1 percent, to 8.90 euros at 11:29 a.m. in Frankfurt trading.
To contact the reporter on this story: Ragnhild Kjetland in Berlin at firstname.lastname@example.org
To contact the editor responsible for this story: Kenneth Wong at email@example.com