WSJ: DT considering bid for Sprint Nextel
The Wall Street Journal reported today that Deutsche Telekom AG is mulling a bid for Sprint Nextel.
Currently, Sprint Nextel is the third-largest cell phone provider in the U.S., while Deutsche Telekom’s T-Mobile is the fourth-largest.
If the buyout were completed, the combined cell phone assets of Sprint Nextel and Deutsche Telekom would top both AT&T and Verizon, who currently hold down the top-two positions in the U.S. market.
The Wall Street Journal story said that the negotiations were in a preliminary stage and that an actual bid could be weeks or months away.
More Broadband Direct: