Deutsche Telekom to Spend $2.7B on U.S.

Source: Bloomberg.com

Deutsche Telekom AG, Europe's biggest phone company, plans to spend 2.1 billion euros ($2.7 billion) to build a high-speed wireless network in the U.S. to expand T- Mobile USA into its largest division.

The three-year investment plan will add to $4.2 billion in spending on mobile-phone licenses T-Mobile won last month, Deutsche Telekom said in a statement today. By adding services such as video and game downloads, T-Mobile, the fourth-largest U.S. cellular-phone company, plans to increase its customer count by at least 50 percent to 35 million by 2015.

Dennis
WirelessJobs.com