DT considers move for Sprint

14 Sep 2009

According to a report by the Sunday Telegraph, Deutsche Telekom (DT) has called on advisors from Deutche Bank to study a possible bid for US mobile operator Sprint Nextel. DT, which owns the fourth largest mobile operator by subscribers in the US, T-Mobile USA, has been linked to a potential acquisition of the ailing operator since May 2008. DT could reportedly submit a bid for Sprint, which has a market valuation of around USD10.6 billion, within the next few weeks. If successful the merger would make the operator the second largest cellco in the market, with around 82.26 million customers as at the end of June 2009, creating a company capable of credibly competing with the dominant duo of AT&T and Verizon.