Deutsche Telekom sees complete sale of U.S. unit unlikely
COLOGNE, Germany (Reuters) - Deutsche Telekom (DTEGn.DE) believes a complete sale of its T-Mobile USA unit is unlikely, the company told shareholders on Thursday, as it continues its search for a long-term solution for the troubled business.
"We must find other ways to increase the return on our capital, or reduce our capital investment," Chief Executive Rene Obermann said at the annual general meeting, referring to the unit.
"We are doing everything in our power to achieve this."
Deutsche Telekom tried to sell T-Mobile USA to AT&T (T.N) last year, but had to abandon the deal after heavy resistance from regulators.
(Reporting by Harro ten Wolde)
NEW YORK - U.S. stocks finished mostly higher on Friday, with the S&P 500 closing at a record after more jobs than expected were created in February and January's figure was revised higher. | Video
- U.S. small businesses borrowed more money in January than they did a year earlier, signaling continued growth in the economy despite a spate of cold weather that has been blamed for weakness in many other indicators of activity.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.