T-Mobile: We're Fine, No Need for MetroPCS Deal
Carrier Can Stand Alone, Plans Disruptive Pricing Strategy
T-Mobile owner Deutsche Telekom has thrown cold water on a recent rumor that the company is looking at an acquisition of MetroPCS
, despite the fact that the two companies use incompatible wireless network technologies. "There is no need for us to enter into any kind of deal at this point in time," said Deutsche Telekom CFO Timotheus Höttges at the recent J.P. Morgan Global Technology, Media and Telecom Conference
. "There's always a perception that if these guys are selling an asset it must be a problem child," Höttges said. "It is not a problem for us. And that is due to the fact that we have a clear path toward LTE. It is definitely a big opportunity in the marketplace." That $4 billion in spectrum, network sharing and cash received after the collapse of the AT&T deal surely helped.