Deutsche Telekom Looks For 4G Wireless Partners In The U.S.
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A fresh set of rumors are circulating that Deutsche Telekom (NYSE: DT) is looking for a partner in the U.S. to help finance a high-speed data network for its T-Mobile wireless subsidiary.
SEE ALSO: Deutsche Telekom Says Lack Of 3G Led Customers To Flee T-Mobile USA
Reuters reports that the German paper Handelsblatt cited unidentified people from the German company as saying they are looking at partnering with other competitors, such as MetroPCS, Clearwire (NSDQ: CLWR) and AT&T (NYSE: T). They are also looking for a financial investor from outside the space that may take a stake in the company. While the search is still in its initial stages, the company has abandoned other potential strategies such as a takeover of Sprint-Nextel.
T-Mobile USA has not made any public commitments for when it will roll out a 4G network. It is probably feeling that it does not want to be late to that game, like it was with 3G. DT’s CFO Timotheus Hoettges has said before that there’s “no question that we lost customers because many of our customers couldn’t get 3G. We now have to make sure that we can capitalize on the network in the top-10 cities where we have invested.”
Posted In: Technologies / Formats, 3G, 4G, Companies, AT&T, T-Mobile
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