Bloomberg: DT open to T-Mobile sale at $35/share

Bloomberg reports Deutsche Telekom (OTCQX:DTEGY) is open to holding talks to sell T-Mobile USA (TMUS +2.1%) at $35/share or more. T-Mobile has risen above $30 in response.

DT owns 67% of T-Mobile USA. French carrier Iliad (OTC:ILIAF) has offered $33/share for a 56.6% stake in T-Mobile, a bid T-Mobile has dismissed as "very inadequate."

Sprint was rumored to be prepping a $40/share bid before abandoning its plans due to regulatory opposition.

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Comments (1)
  • aryanmehr
    , contributor
    Comments (144) | Send Message
    Sprint pulled out of the deal only because it would of had to pay a couple of billion dollars in fees if their bid was prevented by the FCC & DOJ. This is how shrewd Masayoshi Son deploys his assets. He does not pay his competition to compete with him. The gloves are off now and his Lieutenant, Machelo Claure, will have no difficulty taking on Legere of T Mobile in duel or joust.
    28 Aug 2014, 05:52 PM Reply Like
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