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Comcast distances itself from T-Mobile takeover talk

18 Jun 2015

US cable giant Comcast has reportedly distanced itself from rumours that it is interested in acquiring T-Mobile US, Bloomberg writes, citing sources familiar with the matter. Earlier this week German publication Manager Magazin reported that Comcast is interested in a deal with T-Mobile – a combination previously hailed as preferable by Deutsche Telekom (DT) CEO Timotheus Hoettges. However, sources have now suggested that Comcast has not discussed a deal with the German giant, and does not wish to push another deal in front of the Federal Communications Commission (FCC) so soon after the April collapse of its planned Time Warner Cable (TWC) takeover.

Meanwhile, DT continues to discuss a deal with satellite TV giant DISH Network, although a company insider told the news agency that talks have yet to progress substantially, and no banks have been formally hired by any of the players involved. Earlier this month it was reported that merger talks between the two parties were at a ‘formative stage’, while noting that DISH and DT had broadly agreed on the structure of the merged business. As such, DISH chief executive Charlie Ergen will reportedly assume the role of chairman and his T-Mobile counterpart John Legere will serve as the combined company’s CEO.

United States, Comcast Corp (Xfinity, incl. Xfinity Mobile), Deutsche Telekom (DT), T-Mobile US

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