Comcast Considers T-Mobile Acquisition

Posted: Jun 17 2015, 10:06am CDT | by , in News | Latest Business News

 

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Comcast Considers T-Mobile Acquisition
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New report out of Germany puts Comcast on top of suitors for T-Mobile USA take-over.

German Telekom is trying again to sell T-Mobile. Flamboyant T-Mobile CEO John Legere grew customers to 39 million, but the growth comes at a cost. German Telekom has tried since years to get rid of T-Mobile USA. Now they actually are in a good position for a sale. German Manager Magazin reports that Comcast (NASDAQ:CMCSA) has interest in T-Mobile and that the German Telekom is in favor of Comcast.

Earlier reports of Dish Network eying a T-Mobile takeover have surfaced. The new report says though that Telekom favors Comcast over Dish because of its financial prowess. The Dish deal would be a merger. Comcast could also throw some cash at the German Telekom.

Comcast wants to expand, but has a hard time finding a deal. in April they canceled buying Time Warner Cable for $45 billion because of regulatory concerns.

T-Mobile (NYSE:TMUS) is still on a growth pass. In Q1 the 4th largest US carrier added 1.8 million customers resulting in a total of 56.8 million customers. The service revenue grows the fastest in the industry with 9%. T-Mobile has a market cap of $32.3 Billion. If an acquisition by Comcast will happen it will be a huge deal.

Watch John Legere complains about FCC spectrum auction below. He calls Verizon and AT&T Dumb and Dumber.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

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