Deutsche Telekom scrambling for cash to keep T-Mobile competitive
Deutsche Telekom is trying to raise money to keep its T-Mobile USA unit competitive following AT&T's failure to acquire the unit.
The German telecom giant is looking to drum up billlions in cash by issuing bonds and possibly selling T-Mobile's cellular towers, says a story in today's Financial Times (registration required).
Deutsche Telekom is in line to pick up $3 billion in cash and $1 billion in spectrum space and roaming rights from AT&T as a break-up fee. But that still may not be enough to help T-Mobile compete against its three larger … Read more