Cell Phone News

Deutsche Telekom to acquire Sprint?

By Dusan Belic on Saturday, May 3rd, 2008 at 12:54 PM PST In Rumors, Sprint, T-Mobile

Deutsche Telekom to acquire SprintFile this under “we’re so not sure about this,” but apparently T-Mobile (NYSE: DT) (its parent company, actually) may pursue the acquisition of Sprint (NYSE: S), which had certainly seen better times. According to German paper Der Spiegel, which doesn’t cite sources, the German telecom giant may pursue the deal, which would include snagging Nextel as well — a kind of hard sell for any investment bank that eventually get a chance to lead the deal.

Nevertheless, if there’s some merit to this story — and reportedly formal negotiations have already started — we may see T-Mobile emerging on a strong third position in the U.S. carrier market. On the other hand, their quest to unify the two companies (or that’s three if you count Nextel) may be the one ending like other famous German-American marriage – DaimlerChrystler. We’ll see where this goes…

[Via: Engadget Mobile]

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