T-Mobile USA Considering Asset Sale
Speaking at an investor event today, Deutsche Telekom CEO Rene Obermann said that T-Mobile USA would consider selling non-core assets such as its cellular towers to raise cash for future investments if needed. Obermann and new T-Mobile USA CEO Philipp Humm were discussing the future of the country's fourth-largest carrier. Part of the company's plan will be to reduce churn (customer turn-over rate) to 2% in 2011 and to 1.8% in 2012. The executives also noted that the Sidekick 4G, Samsung Galaxy S 4G and 4G tablets will launch in the first half of 2011. Sprint offloaded its cellular towers several years ago in a bid to reduce operating expenses.
Sprint Woes Weigh on SoftBank CEO Masayoshi Son
SoftBank's plans for Sprint have not unfolded as CEO Masayoshi Son hoped. Son initially believed a merger with competitor T-Mobile would serve the carrier, but was dismayed when U.S.
Deutsche Telekom Shopping T-Mobile to Comcast
Deutsche Telekom is discussing with Comcast the possibility of the cable firm buying T-Mobile US. Deutsche Telekom is talking to several other companies, including Dish Networks, but Comcast is seen as the primary contender thanks to its stronger finances.
Sprint Cuts 2,500 Jobs to Reign In Expenses
Sprint has trimmed some 2,500 employees at various job sites, said the company. The cuts were primarily made at its Kansas headquarters and six customer care centers.
Deutsche Telekom Will Consider 'Any Partner' for T-Mobile
Deutsche Telekom executives today indicated they are still weighing the best path forward for T-Mobile US, especially when it comes to improving profitability. "It is our duty to go on improving the return on T-Mobile US," said CEO Tim Hoettges.
Sprint to Sell Certain Network Assets for $2.2 Billion
Sprint has agreed to sell select network assets to a company called Network LeaseCo and then lease back those assets for an unspecified sum. The move is meant to boost Sprint's cash position and will eventually add $2.2 billion to the company's coffers.
Selling off its towers would not be a bad move.
Maybe if they spent more time investing in 3G coverage
T-Mobile would blow the competition out of the water if they would just start expanding their 3G coverage faster. I don't see the roll outs anymore. They seem to be ignoring the smaller markets that is why I
MY NETWORK IS SO SMART