T-Mobile USA eyes potential tower sale
(Reuters) - T-Mobile USA is looking at the possibility of selling nonstrategic assets such as its broadcast cellular towers in order to raise additional funds for capital spending, according to the head of its parent company Deutsche Telekom AG (DTEGn.DE).
Deutsche Telecom Chief Executive Rene Obermann said on Thursday that the No. 4 U.S. mobile service would only sell the assets if it needed additional capital beyond its typical spending requirements, and only if it got a good price.
"We're definitely not in a rush," he told reporters ahead of the company's financial analyst meeting in New York, adding that a sale would depend on whether "the financials work out."
T-Mobile USA CEO Philipp Humm also committed to return the company to growth in 2011 after customer losses to bigger and smaller rivals had dragged its revenue down in 2009.
He promised revenue growth of $3 billion by 2014.
(Reporting by Sinead Carew and Nicola Leske; editing by Gerald E. McCormick)
Credit: Reuters (www.reuters.com)
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