Deutsche Telekom (DTEGn.DE) CEO Rene Obermann said he was confident that the sale of the group's U.S. operations would be completed next year. U.S. carrier AT&T (T.N) agreed to purchase T-Mobile USA in March for $39 billion but the transaction needs antitrust clearance. Obermann told shareholders at the company's annual general meeting in Cologne on Thursday that he expected the deal to close in the first half of next year. Deutsche Telekom sold the struggling business to focus on Germany, its largest market, and its other European operations. The company aims to eventually compensate a decline in its traditional business with new revenue streams from services around mobile devices and the Internet.
AT&T Inc. is a holding company. The Company is a provider of telecommunications services in the United States and worldwide. Shares of T remained unchanged at $31.38. In the past year, the shares have traded as low as $23.78 and as high as $31.94. On average, 30137100 shares of T exchange hands on a given day and today's volume is recorded at 0.
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