Deutsche Telekom Rumored To Buy Sprint Nextel
Topic: Rumors
Posted on Mon, 14 Sep 2009 01:38:18 CDT | by Luigi Lugmayr
The German Telekom is rumored to be considering buying Sprint Nextel according to a report on the UK's Telegraph.
German Telekom just made a cool move in the UK to partner with France Telekom to create the largest carrier. A merger of Sprint Nextel and T-Mobile US could stir up things quite a bit and put more pressure on Verizon and AT&T.
Sprint Nextel is a big bite to chew at a market valuation of $10.6 billion. For that reason I am not so sure that this deal will actually happen. The German Telekom needs to do something in the US to turn the business around - we will see what it is.
Posted on Mon, 14 Sep 2009 01:38:18 CDT | by Luigi Lugmayr
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