The head of T-Mobile USA parent Deutsche Telekom said Monday that he would stand behind the company's 2008 forecast despite the prevailing economic conditions. CEO Rene Obermann noted that the U.S. economic slump had not weakened T-Mobile USA in the first quarter.
Deutsche Telekom's T-Mobile units posted a 10% increase in sales, with T-Mobile USA attracting 857,000 new customers during the second quarter. The German operator experienced a 40% dip in net profit, but looking ahead said it wanted to expand its international wireless business.
A few of Deutsche Telekom's shareholders have suggested the company sell off T-Mobile USA, but CEO Rene Obermann said today that the U.S. unit was a key part of the company's long-term strategy and that any push to sell it would be "shortsighted."
European Parliament members approved a measure to limit prices for international calls by mobile-phone users. The bill, which was opposed by mobile carriers Vodafone, Deutsche Telekom's T-Mobile International and others, will effectively cut roaming charges more than 50%.