Philipp Humm News
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Kabel Deutschland Holding AG, Germany’s largest cable operator, fell the most since February after Vodafone Group Plc struck a deal to gain access to fast Internet lines, reducing its need to purchase cable assets.
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Deutsche Telekom AG , Europe’s biggest phone company, named Philipp Humm as the new chief executive officer of T-Mobile USA Inc. to replace Robert Dotson .
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Deutsche Telekom AG ’s T-Mobile USA unit plans to add $3 billion to sales by 2014 and is considering partnerships in its efforts to acquire spectrum for the next generation mobile-phone network.
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T-Mobile USA Inc., the fourth- largest U.S. wireless carrier, named John Legere as chief executive officer, turning to a phone-industry veteran to reinvigorate growth and challenge Verizon Wireless and AT&T Inc.
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Deutsche Telekom AG’s slow build-out of its T-Mobile USA network, once a shortcoming, may be turning into an advantage for Europe’s largest phone company.
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T-Mobile USA has suffered a continuing exodus of subscribers in the past year as it slashed handset subsidies to boost profitability. Now, moves by Verizon Wireless and AT&T Ltd. to do the same are giving the Deutsche Telekom AG unit reprieve.
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Deutsche Telekom AG’s T-Mobile USA unit plans to cut 900 jobs as part of a new round of cost savings as the carrier restructures its operations to cope with a decline in its contract-subscriber base.
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U.S. senators said they are concerned that AT&T Inc. ’s proposed $39 billion purchase of T-Mobile USA Inc. will harm competition by further consolidating the nation’s wireless phone-carrier market.
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Vodafone Group Plc split its European unit into two divisions, appointing Philipp Humm and Paolo Bertoluzzo to head the regional units as the world’s second-largest mobile phone company revamps its structure.
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Two months ago, Deutsche Telekom AG ’s head of the U.S. told investors in New York that its wireless unit there was “ready to turn the business around” with the “best” fast Internet network to win back customers. Yesterday, it decided to sell instead.
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