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Deutsche Telekom open to T-Mobile partnership

May 21, 2015, 2:57 PM EDT
A logo of Deutsche Telekom is pictured at the 2015 CeBIT technology trade fair on March 20, 2015 in Hanover, Germany.
Nigel Treblin/Getty Images

Deutsche Telekom's CEO said that any partnership to make T-Mobile more profitable would be considered. Chief Executive Tim Hoettges said on Thursday T-Mobile US (TMUS.N), of which Deutsche Telekom owns 66 percent, was in much better shape than two years ago, Reuters reports. "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.The turn-around comes as the U.S. telecoms market consolidates, with mobile operators expanding their services into fixed-line connections, broadband and television.

“We’ve had eight consecutive quarters with more than one million total net customer additions proving that customers want value,” said John Legere, President and CEO of T-Mobile US after the company reported its 1Q results in late April, according to Fox Business. “We expect to once again capture all of the industry’s postpaid phone growth in Q1 and we’ve done it while delivering an all-time record low 1.3% churn.” T-Mobile US reported that it ended the first quarter of 2015 with 56.8 million total customers. There have also been other significant movements in the world of telecom lately, as providers are always looking for ways to increase their businesses to keep up with competitors and demand.

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