T-Mobile USA's parent company has called in Deutsche Bank to advise it on the potential acquisition of rival operator Sprint, according to a Sunday Telegraph report.
According to Wireless Intelligence data, a merger of Sprint and T-Mobile USA, the country's third-and fourth-largest mobile operators respectively, would create a new number two player with 83 million subscribers (behind Verizon Wireless which has approximately 88 million). Such speculation comes hot on the heels of T-Mobile UK's planned tieup with Orange UK, announced last week.
[18 Sep 2009] CNBC, citing a person close to Sprint, says the two companies are not in talks, whilst Dow Jones Newswires reports that Deutsche Telekom will try by the end of the year to turn around its US mobile business and isn't planning a major acquisition there during this time. Meanwhile a Financial Times (FT) report states that Deutsche Telekom's top two shareholders - the German government and private equity group Blackstone - have told its management that it has until the middle of next year to turn round the German telecoms group's ailing US mobile phone business.
source: GMBB, FT
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