After Deutsche Telecom attempted to sell its stake in its U.S. business T-Mobile, the company has decided to just keep its shares and said that it expects earnings from it for the next few quarters.
The declaration that the company will keep its shares in T-Mobile and that it will allow the U.S. carrier to function as an independent unit was made by the CEO of Deutsche Telekom Timotheus Hottges.
He said that in the same way that as consumers grow, the profits of the company increases, earnings for T-Mobile should grow in the next coming quarters as its revenue goes up. Hottges also stated that he’s happy with the success that the company’s U.S. business is showing and that he’s convinced that it will continue proving itself as a great fulfillment for Deutsche Telekom.
This news might put an end to the uncertainty that has surrounded T-Mobile for the past few weeks about its future with its CEO John Legere saying that he got sick and tired already of all the merger talks that the company had to go through.
A week ago, T-Mobile U.S. reported subscriber growth from July to September saying that its aggressive marketing moves were in fact effective.
What drove Deutsche Telekom to reconsider its T-Mobile U.S. stake was the falling revenue growth and saturating postpaid market in Europe.