Deutsch Telekom will receive another 20 million shares of the No.3 US wireless carrier with proceeds from the sale of T-Mobile Netherlands, Softbank said in a statement
The withdrawal deals a fresh blow to the GSMA industry association that hosts the event, which was cancelled last year at the last minute while this year's edition was pushed back to the end of June to maximise its chances of happening.
"At the present time, we still do not believe it is justifiable to take this risk for a large number of our employees," the Bonn-based group said in a statement issued to Reuters.
On a reported basis, fourth quarter revenue rose 29.3% to 27.6 billion euros, ahead of expectations in a company poll of analysts of 27.2 billion euros.
India lost another international arbitration case this week, against Cairn Energy, over a tax dispute. It has been ordered to pay the UK-listed company over $1.2 billion in damages and costs.