Business & Finance

Deutsche Telekom CEO says working on T-Mobile plan

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"In the long term, we need more spectrum and network capacity. We are working on that," Obermann told journalists during a conference call, but he declined to say what Deutsche Telekom's "Plan B" for the unit was.

AT&T said on Monday it had dropped its $39 billion bid for T-Mobile USA, bowing to fierce regulatory opposition and leaving both companies scrambling for alternatives.

Copyright Reuters, 2011