Mergers and Acquistions News
Categories: Telecoms
December 20th 2011, 16:23PM
T-Mobile USA, owned by Deutsche Telekom, could enter a merger agreement with Sprint Nextel, it has been reported.
Monday (December 19th) saw a $39 billion (£25 billion) takeover deal with AT&T collapse as the telecoms company dropped its bid after increasing regulatory pressure.
Deutsche Telekom has been given $6 billion from the failed deal, but now Will Draper, head of telecoms research at Espirito Santo, has told Reuters that the company's only long-term solution is a merger with Sprint.
If this deal took place, the flailing carrier could offer regional operators like Leap Wireless International, as well as non-core assets.
Before talks with AT&T began, Deutsche Telekom had been discussing a deal with Sprint.
Chief executive of Deutsche Telekom Rene Obermann announced that he is working on a long-term plan for T-Mobile USA. He said that the carrier needs more spectrum and network capacity in order to boost its position in the US.
Mr Obermann was also cited by the news provider as saying that he found it "incomprehensible" that regulators blocks the AT&T transaction.
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