US Mobile Market consolidation not necessary- Deutsche Telekom CFO

Deutsche Telekom CFO, Timotheus Hoettges told Bloomberg News that he sees no need for further consolidation of the U.S. mobile-phone market.

He mentioned that there are four national players in the U.S. market for 300 million households, whereas in Europe, there are 350 million households with close to 70 operators.

Deutsche Telekom’s current focus in the U.S. is on expanding its 3G network.  It is investing $3.5 billion euros in the network in 2009. He said that the mobile data market in the US is booming and they must participate in that now.

On the Issue of 4G networks, there is a possibility that T-mobile could provide funding in exchange for access to ClearWire’s 4G network. Verizon and AT&T are already buliding independent 4G networks.