{"id":49617,"date":"2017-10-30T05:53:04","date_gmt":"2017-10-30T05:53:04","guid":{"rendered":"https:\/\/www.biphoo.com\/bipnews\/?p=49617"},"modified":"2017-10-30T05:53:04","modified_gmt":"2017-10-30T05:53:04","slug":"telekom-ceo-argues-strong-no-3-player-u-s-wireless-market","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/business\/telekom-ceo-argues-strong-no-3-player-u-s-wireless-market.html","title":{"rendered":"Telekom CEO argues for strong No. 3 player in U.S. wireless market"},"content":{"rendered":"<h2 style=\"text-align: justify\"><span style=\"font-size: 18pt\"><strong><span style=\"font-family: Arial, Helvetica, sans-serif;color: #000000\">Telekom CEO argues for strong No. 3 player in U.S. wireless market<\/span><\/strong><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Telekom CEO argues for strong No. 3 player in U.S. wireless market: Chief executive officer Timotheus Hoettges also urged the new German government to think twice before selling down its large stake in Deutsche Telekom, according to an interview in Welt am Sonntag.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">T-Mobile US, majority-owned by Deutsche Telekom, is close to <\/span>agreeing<span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\"> tentative terms on a deal to merge with Sprint Corp, people familiar with the matter have said, a breakthrough in efforts to merge the third and fourth largest U.S. wireless carriers.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Hoettges, in the interview published on Sunday, declined to comment directly on talks between the companies.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">\u201cIn the U.S. there is a duopoly between two very big players, and then there are two smaller players well behind,\u201d he said. \u201cA third strong player would be good for competition.\u201d<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Verizon Communications Inc (VZ.N) and AT&amp;T Inc (T.N) are the two largest wireless carriers.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Competition regulators have in the past quashed consolidation efforts by T-Mobile, but Hoettges said chances are now better under U.S. President Donald Trump.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">\u201cHistory has taught us that governments led by Republicans are more hands-off than Democratic administrations,\u201d he said.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">On the German state\u2019s nearly 32 percent stake in Deutsche Telekom, Hoettges acknowledged it would be the new government\u2019s decision whether to sell or keep.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">But he said those who argued for a sale \u201cshould perhaps ask themselves who will buy the stake\u201d.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">\u201cWhat interest would the owner have in infrastructure security? Would the owner want to invest in Germany, and if so, where and in particular, how much?\u201d<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">The FDP and Green parties, which are in talks to form a coalition government with Chancellor Angela Merkel\u2019s conservatives, have both advocated a sale or partial sale of the stake.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 8pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Source:https:\/\/www.reuters.com\/article\/us-deutsche-telekom-m-a-sprint-t-mobile\/telekom-ceo-argues-for-strong-no-3-player-in-u-s-wireless-market-newspaper-idUSKBN1CX0PQ<\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/business\/telekom-ceo-argues-strong-no-3-player-u-s-wireless-market.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Telekom CEO argues for strong No. 3 player in U.S. wireless market Telekom CEO argues for strong No. 3 player in U.S. wireless market: Chief executive officer Timotheus Hoettges also urged the new German government to think twice before selling down its large stake in Deutsche Telekom, according to an [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":49621,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[36456,30104,88276],"class_list":["post-49617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-best-usa-latest-business-updates-news","tag-current-business-updates-usa-news","tag-telekom-ceo-argues-for-strong-no-3-player-in-u-s-wireless-market"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/49617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=49617"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/49617\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/49621"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=49617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=49617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=49617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}