Deutsche Telekom CEO denies T-Mobile/Sprint deal will reduce competition
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NEW YORK (Reuters) - T-Mobile US Inc and Sprint Corp did not pursue a merger in order to reduce price competition in the U.S. wireless market, the chief executive of Deutsche Telekom , T-Mobile's majority shareholder, testified on Tuesday in federal court in Manhattan.A group of state attorneys general, led by New York and California, are suing to stop the $26.5 billion (£20.65 billion) merger between the wireless carriers, arguing it would lead to higher prices.Timotheus Höttges, who is..