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  1. Thread AuthorThread Author   #1  
    kch50428's Avatar
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    Exclamation Deutsche Telekom spinning off T-Mobile USA to Sprint?

    Deutsche Telekom, Sprint Said to Discuss T-Mobile USA Deal - Businessweek

    March 8 (Bloomberg) -- Deutsche Telekom AG has held talks to sell its T-Mobile USA unit to Sprint Nextel Corp. in exchange for a major stake in the combined entity, said people with knowledge of the matter.

    Talks have been on and off, and a deal may not be reached, said the people, who spoke on the condition of anonymity because the talks are private. The companies haven’t been able to agree on the valuation of T-Mobile USA, which reported a drop in profit in the fourth quarter, the people said. Sprint rose 6.7 percent to $4.78 in early U.S. trading, and Deutsche Telekom gained as much as 6.1 percent to 10.22 euros in Frankfurt.

    A merger of Sprint and T-Mobile USA would combine the third- and fourth-largest U.S. wireless providers behind Verizon Wireless and AT&T Inc. Sprint’s market value was $13.6 billion as of yesterday’s close. T-Mobile USA may be valued at 16.3 billion euros ($22.6 billion), based on a January estimate by Michael Kovacocy, an analyst at Evolution Securities in London.
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    Alli's Avatar
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    This rumour pops up every year or so. The biggest issue, of course, is that Sprint is CDMA and T-Mo is GSM. Combining them would be a logistical nightmare.

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