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Germany: Deutsche Telekom confident US merger will save costs

 |  August 8, 2019

According to Reuters, Deutsche Telekom announced  on Thursday, August 8, it still expects the merger of its US unit T-Mobile with Sprint to generate US$43 billion in cost savings even after tweaking the deal to secure antitrust clearance.

The US Department of Justice approved the deal, which was struck more than a year ago, after T-Mobile agreed to sell Sprint’s prepaid business to satellite TV firm Dish Network to create a fourth US wireless carrier.

However, a lawsuit filed by over a dozen US states seeking to halt the deal is still outstanding and although Deutsche Telekomwhich owns 63% of T-Mobileis open to a settlement, it stated it expects the case to go to trial in December.

Full Content: Reuters

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