BELLEVUE, Wash. — Aug. 31, 2011
NOTE: This statement may be attributed to Philipp Schindera; EVP of Corporate Communications, Deutsche Telekom
On August 31, 2011, the United States Department of Justice (DOJ) informed Deutsche Telekom that it will file a complaint in the U.S. District Court for the District of Columbia seeking a permanent injunction blocking the proposed stock purchase agreement between AT&T and Deutsche Telekom under which AT&T will acquire T-Mobile USA from Deutsche Telekom.
Deutsche Telekom is very disappointed by the DOJ's action, and will join AT&T in defending the contemplated merger against the complaint in court. DOJ failed to acknowledge the robust competition in the U.S. wireless telecommunications industry and the tremendous efficiencies associated with the proposed transaction, which would lead to significant customer, shareholder, and public benefits. We appreciate the DOJ's willingness to discuss possible remedies to address the competitive concerns.
About the Transaction: On March 20, 2011, Deutsche Telekom entered into a merger agreement with AT&T pursuant to which under AT&T will purchase 100% ownership in T-Mobile USA from Deutsche Telekom in a cash-and-stock transaction valued at approximately $39 billion. Deutsche Telekom will take an approximate 8% stake in US telecommunication company AT&T.
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Based in Bellevue, Wash., T-Mobile USA, Inc. is the U.S. wireless operation of Deutsche Telekom AG (OTCQX: DTEGY). By the end of the second quarter of 2011, approximately 128 million mobile customers were served by the mobile communication segments of the Deutsche Telekom group - 33.6 million by T-Mobile USA - all via a common technology platform based on GSM and UMTS and additionally HSPA+ 21/HSPA+ 42. T-Mobile USA's innovative wireless products and services help empower people to connect to those who matter most. Multiple independent research studies continue to rank T-Mobile USA among the highest in numerous regions throughout the U.S. in wireless customer care and call quality. Para obtener más información, visita http://www.T-Mobile.com. T-Mobile es una marca comercial registrada federalmente de Deutsche Telekom AG. For further information on Deutsche Telekom, please visit www.telekom.de/investor-relations.