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Thursday, May 21, 2015

Deutsche Telekom to consider partner for T-Mobile US - CEO, (NYSE: TMUS)

Deutsche Telekom will consider any partner that can improve profitability at its U.S. operations, its chief executive told the company's annual shareholders meeting.Chief Executive Tim Hoettges said on Thursday T-Mobile US , of which Deutsche Telekom owns 66 percent, was in much better shape than two years ago. "But it is our duty to go on improving the return on T-Mobile US," he added. "If we find a partner who will help us to do so, we will obviously consider it."T-Mobile US, the fourth-largest wireless carrier in the United States, has turned around years of subscriber losses with cut-price deals, savvy marketing and well-publicized wireless plans in recent quarters.

Shares of TMUS traded higher by 2.35% or $0.81/share to $35.21. In the past year, the shares have traded as low as $24.26 and as high as $35.55. On average, 3564100 shares of TMUS exchange hands on a given day and today's volume is recorded at 6234112.