DT will consider T-Mobile US sale if offered USD35 per share

29 Aug 2014

Deutsche Telekom (DT), the parent company of T-Mobile US, is willing to discuss the potential sale of the US unit if it receives an offer that values the cellco at USD35 per share or more, Bloomberg reports. The article, citing an unnamed source familiar with the matter, claims that DT’s senior management talked about T-Mobile’s valuation at a recent strategy meeting in Berlin. While the reasons behind the leak are unclear, it seems likely that the German firm is signalling its willingness to offload the unit – if the price is right – after rejecting a recent USD33 per share bid from France’s Iliad, for 56.6% of the company earlier this month. Iliad made its play after US giant Sprint Corp and its parent, Softbank Corp of Japan, abandoned their long-running pursuit of T-Mobile over regulatory concerns.

United States, Deutsche Telekom (DT), Free, T-Mobile US