Deutsche Telekom CEO Sees 'Light at the End of the Tunnel' on T-Mobile/Sprint
Deutsche Telekom CEO Timotheus Hottges told analysts Wednesday it’s too early to say how active T-Mobile will be in a C-band auction. “Let’s figure out how the auction design will look like, when it’s going to take place,” he said.…
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Hottges was pleased the T-Mobile/Sprint deal will soon be complete. “What an incredible journey this has been,” he said: “We see a light at the end of the tunnel, and we are now very confident that this deal is taking place with all the benefits it’s going to have for us here at Deutsche Telekom.” Chief Financial Officer Christian Illek said the deal's effect on DT’s balance sheet remains to be seen. “There is no new news because we don’t know anything further,” he said: “We will have full access to their numbers, to all of their accounting numbers and so forth, whenever we have closed. … Prior to that, we are not allowed to talk to them.”