“We have the chance to become No.1 in the United States, to overtake AT&T and Verizon. That is our ambition,” Hoettges told reporters in Bonn after Deutsche Telekom reported record annual results in its 25th year as a listed company.
“The results were strong, particularly in Europe, and reassuring on Germany,” said Citi analyst Georgios Ierodiaconou.Hoettges, 57, has campaigned for seven years to do a U.S. deal that, on completion, would create a transatlantic business with $120 billion in revenues and 270 million customers. A breakthrough came in April 2018 when T-Mobile and Sprint, controlled by Japan’s Softbank Group , agreed to a $26 billion all-stock deal.
With last week’s New York court ruling in favor of the deal, Hoettges now expects it to close by April 1, subject to resolving outstanding regulatory and legal issues.
Source: News Formal (newsformal.com)
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