Deutsche Telekom Sees No Need for U.S Consolidation

Oct. 12 (Bloomberg) — Deutsche Telekom AG Chief Financial Officer Timotheus Hoettges said there’s no need for further consolidation of the U.S. mobile-phone market. “There are four national players in the U.S. market for 300 million households, while in Europe, where we have 350 million households, there are 50-70 operators,” Hoettges said, after a conference in Frankfurt today. “We believe in our chances of being the challenger.”