Deutsche Telekom AG hasn’t prepared any alternative scenarios for its T-Mobile USA unit if a $39 billion proposed sale to AT&T Inc. falls apart, a management board member said today.
Managers led by Chief Executive Officer Rene Obermann were meeting with Deutsche Telekom’s supervisory board yesterday when they heard the U.S. Justice Department sued to block the deal, Niek Jan van Damme said in Berlin. Obermann, who had previously demonstrated confidence that the transaction would be approved, was taken by surprise, said a person familiar with the matter, asking not to be identified because the meeting was private.
