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Times are rough for Deutsche Telekom, Europe's largest telecommunications company, as bad investments, big debts and hard competition threaten the company on all fronts. CEO René Obermann hoped that billions from the sale of T-Mobile USA to AT&T would revitalize the parent company. Here, a T-Mobile shop in Washington DC.
For Obermann and the company he leads, the failure of the multi-billion-dollar deal is a disaster with unforeseeable consequences.
If the deal went through, Obermann said recently, it would mark the dawning of a new era for the company. Here, Obermann poses with AT&T CEO Randall Stephenson in New York in March.
Now Obermann is looking at a deal in tatters, a result that casts a sobering light on his five years at the head of the company.
