Deutsche Telekom Rumored To Buy Sprint Nextel

Posted: Sep 14 2009, 1:38am CDT | by , Updated: Aug 10 2010, 7:56am CDT , in Rumors


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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.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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