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Foto: Rainer Jensen/ dpa

Betting the Farm on US Takeover Failed Deal Leaves Telekom Without a Plan B

Times are rough for Deutsche Telekom, Europe's largest telecommunications company, as bad investments, massive debts and hard competition threaten the company on all fronts. CEO René Obermann hoped that billions from the sale of T-Mobile USA would revitalize the parent company. But now that the deal has fallen through, it's back to the drawing board.
Translated from the German by Josh Ward