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T-Mobile Weighs Spinoff Option |
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T-Mobile Weighs Spinoff Option
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Mon Feb 08, 2010 5:20 am
Deutsche Telekom, the owner of T-Mobile, is exploring an initial public offering or spinoff of the business, as it looks for ways to jump-start the embattled carrier.
The German telecom giant has held initial talks with a number of banks, including Deutsche Bank, but no formal process was under way. People familiar with the matter also say that in addition to an IPO or spinoff, a merger with a U.S. competitor -- though less likely due to regulatory and technological difficulties -- is also on the table.Despite high-profile devices such as the first Google-based smartphone, T-Mobile has struggled with a high rate of subscriber cancellations and failed to keep pace with larger rivals in building high-speed services. As a result, T-Mobile, the fourth-largest U.S. wireless company, has a mere 14 percent market share, leaving it far behind AT&T, Verizon and Sprint. T-Mobile has suffered from perceptions that its data network is inferior, a major problem as subscribers increasingly turn to high-end smartphones for more broadband-intensive applications.
More News: T-Mobile (177) | Mergers & Acquisitions (81) | IPO (6) |
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Wed Sep 01, 2010 8:49 am
Sprint is considering whether to allow rival T-Mobile invest in Clearwire, the company that is building out its "4G" service, in a move that would let the two companies share the same next-generation network.
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Fri Aug 27, 2010 1:18 pm
AT&T, Verizon, Sprint and T-Mobile control 90 percent of the wireless market, making it hard for smaller companies to compete, according to government report.
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Wed Aug 18, 2010 11:49 am
T-Mobile today posted a teaser page for the T-Mobile G2, an Android smartphone with HSPA-plus connectivity, for release this fall.
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Wed Aug 11, 2010 1:33 pm
T-Mobile has been hit with a class action lawsuit for allegedly marketing certain data plans as "unlimited" but then reducing available data usage once customers come under contract.
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Mon Aug 09, 2010 10:21 am
T-Mobile plans to sell the BlackBerry Curve 3G, a high-speed device with a full keyboard and optical trackpad, on September 8 for $80 with a two-year contract.
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