Breaking News, World News and Taiwan News.

T-Mobile USA's CEO resigns; COO fills in, company searches replacement

NEW YORK -- T-Mobile USA, the country's fourth-largest cellphone carrier, on Wednesday said that its CEO has resigned and its chief operating officer is filling in while the company searches for a replacement.

T-Mobile, which is based in Bellevue, Washington, is struggling to compete against its largest rivals. Departing CEO Philipp Humm took the reins in November 2010, with a mission to reverse the slow slide of the business without help from the German parent company, Deutsche Telekom AG.

But revenue continued to decline every quarter of Humm's tenure. In March 2011, he seemingly found a way out of T-Mobile's difficult position by striking a deal to have AT&T Inc. buy the company for US$39 billion. However, the takeover was scuttled by federal regulators, who feared that it would reduce competition in the industry and raise prices for consumers.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
WSJA
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search