Deutsche Telekom's new boss may soon face a tough decision on whether to try selling the company's U.S. mobile business to Japan's Softbank, and risk the cost and disruption of being thwarted by U.S. regulators keen to protect competition.The German group ultimately would like to sell T-Mobile US because it sees its fourth position behind Verizon , AT&T, and Softbank's Sprint as limiting long-term profitability, said people familiar with its thinking.A U.S. exit would also give Deutsche Telekom more firepower to upgrade its networks in Germany, where it faces stiff competition from cable operators, and expand in Eastern Europe, as it did with a deal announced on Monday to take full control of its Czech subsidiary for $1 billion.But new chief executive Tim Hoettges, who took the helm at the start of this year, remains wary of repeating the 2011 fiasco of U.S. regulators blocking the $39 billion sale of T-Mobile US to AT&T, said people close to the company.
Shares of TMUS fell by 1.18% or $-0.36/share to $30.07. In the past year, the shares have traded as low as $16.01 and as high as $34.10. On average, 8263460 shares of TMUS exchange hands on a given day and today's volume is recorded at 8295120.
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