, U.S. merger within reach, D.Telekom CEO goes on offensive – Source Reuters Tech News, iBSC Technologies - learning management services, LMS, Wordpress, CMS, Moodle, IT, Email, Web Hosting, Cloud Server,Cloud Computing
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U.S. merger within reach, D.Telekom CEO goes on offensive – Source Reuters Tech News

BONN, Germany (Reuters) – The merger between T-Mobile US (TMUS.O) and Sprint (S.N) is within reach, the head of T-Mobile’s main owner Deutsche Telekom (DTEGn.DE) said on Wednesday, vowing to go on the offensive to close a valuation gap with U.S. market leaders AT&T and Verizon.

, U.S. merger within reach, D.Telekom CEO goes on offensive – Source Reuters Tech News, iBSC Technologies - learning management services, LMS, Wordpress, CMS, Moodle, IT, Email, Web Hosting, Cloud Server,Cloud Computing

Timotheus Hoettges, Chief Executive Officer of Germany’s telecommunications giant Deutsche Telekom AG arrives for the company’s annual news conference in Bonn, Germany, February 19, 2020. REUTERS/Wolfgang Rattay

Highlighting the positive market reaction after a New York judge last week dismissed a lawsuit brought by more than a dozen U.S. states trying to block the deal, Tim Hoettges said the ‘new’ T-Mobile would have a market value of around $120 billion.

That compares with $274 billion for AT&T (T.N) and $242 billion for Verizon (VZ.N), he added in remarks prepared for a news conference.

“That is a difference of around $120 billion. I see no reason why this cannot be reduced considerably,”…

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