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WSJ: DT considering bid for Sprint Nextel

Mon, 05/05/2008 - 8:25am
Mike Robuck

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:

Camiant unveils broadband consumption tool 

WSJ: DT considering bid for Sprint Nextel 

AdGorilla announces creation of AdGorillai 

Motorola upgrades software for CherryPicker platform 

InGrid's home security offering selected by Blue Ridge 

ZeeVee completes undisclosed 2nd funding round 

Broadband Briefs for 5/5/08

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