Deutsche Telekom's Wireless Wager

Why it's paying top dollar for tiny VoiceStream

Measured against the nation's wireless giants, VoiceStream Wireless Corp. has been a bit of a pipsqueak. With 2.2 million subscribers, it's about a third of Sprint PCS's size and one-tenth the global heft of Verizon Communications. Its $1.05 billion in revenue is chump change compared with the revenues for AT&T Wireless.

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