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.
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.
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.
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.
Deutsche Telekom AG Chief Executive Officer Rene Obermann plans to hand off responsibility for the U.S. unit so he can focus on boosting sales outside traditional phone services, according to a person familiar with the matter.
A U.S. official leading regulatory review of Verizon Wireless’s proposed $3.6 billion purchase of airwaves from cable companies met with T-Mobile USA Inc. executives at the company’s headquarters and heard criticism of the deal.