T-Mobile USA Owner to Study Deal Options

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Source: Bloomberg News

Deutsche Telekom said on Monday that it would evaluate options for T-Mobile USA to help support a $39 billion sale of the business to AT&T, a deal that is being contested by the Justice Department.

“There’s no point in lamenting,” Deutsche Telekom’s chief executive, René Obermann, said on Monday. “We’ve got the authority’s complaint and now we have to deal with it.”

A Deutsche Telekom spokesman, Philipp Kornstaedt, said in an interview by phone on Monday that, “if there are conditions to be attached to the transaction, we will work on the matter together with AT&T.”

The proposed takeover, which the Justice Department sued to block on Wednesday, is the largest announced acquisition this year, according to data compiled by Bloomberg. It is also the biggest move by Mr. Obermann in his almost five years as Deutsche Telekom’s chief.

Read more: http://www.nytimes.com/2011/09/06/business/global/deutsche-telekom-weighs-options-to-aid-t-mobile-sale.html