Selling T-Mobile may not be in the cards for Deutsche Telekom after all
Tim Hoettegees told a conference of telecom investors at a Morgan Stanley event that “Oh where is the partner we need?” is not a question his company is asking because of a rapid turnaround that has seen its subsidiary grow to rival its parent German operations.
According to Reuters, T-Mobile US earned the equivalent of €2.156 billion last year before taxes, depreciation and amortization. Deutsche Telekom reaped in €2.25 billion in EBITDA. And 14 quarters of subscriber base growth in the states is nothing to scoff at — thank the unit’s CEO, John Legere, for some fun initiatives to spike it off.
“We are now open to how we could create something beyond our execution, which is creating value,” Hoetteges said. “I am not afraid about whether a (pure) mobile player can survive in this environment. If there are any options, we are going to consider.”
One of those options Deutsche Telekom may be interested in is pairing T-Mobile with a content provider, like AT&T has done in signing an $85 billion takeover deal with Time Warner. But this is far from any rumors about courting Comcast for a buyout and even farther from the days of AT&T and Sprint trying their hands at a corporate coupling.