Deals
Deutsche Telekom Says T-Mobile Value Back to AT&T Deal Level
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Deutsche Telekom AG has recouped its investment in T-Mobile US Inc., with an increase of the unit’s value compensating for a 7.4 billion-euro ($10 billion) writedown on the asset in 2012, according to the German company’s chief executive officer.
Timotheus Hoettges made the assessment in an interview with Bloomberg News as Deutsche Telekom once again explores a potential sale of its holding in the fourth-largest U.S. carrier. Since a failed disposal of the business to AT&T Inc. in 2011 for $39 billion, Deutsche Telekom has made T-Mobile the country’s fastest-growing wireless provider by merging it with MetroPCS Communications Inc., expanding its network and introducing cheaper and more flexible pricing plans.