We’ve been wondering what direction T-Mobile will head following last year’s failed $39 billion bid by AT&T. Now, the company’s German parent, Deutsche Telekom, is shedding some light on what it will do with the fourth largest carrier in the U.S.
Speaking at the company’s annual shareholders meeting in Cologne, Germany, Deutsche Telekom CEO Rene Obermann said that they are not excluding any option for the Bellevue-based company, but then added that a “complete sale is unlikely.”
Bloomberg News reports that T-Mobile could merge with MetroPCS Communications Inc. or possibly spin off into a separate company via an initial public offering. Metro PCS is the country’s fifth largest carrier.
Earlier this month, T-Mobile announced plans to cut 900 jobs, but also said that it planned to add 550 positions throughout the company. T-Mobile also recently rolled a new ad campaign in which it poked at rivals, including former suitor AT&T.
T-Mobile lost 510,000 customers on long-term contracts during the past quarter, but Cnet reports that the company is strengthened by the $3 billion in cash, spectrum and roaming deals it received as part of a merger break-up fee with AT&T.