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Wireless

DT opts for T-Mobile takeover of Sprint - report

Wednesday 21 June 2017 | 08:01 CET | News
Deutsche Telekom is changing its strategy in the US and opting for a merger of T-Mobile US and Sprint, reports German paper Handelsblatt. Citing informed sources near the DT board, the paper said the deal would take the form of T-Mobile acquiring Sprint in a stock swap, and DT would maintain management control. The company reportedly sees the regulatory environment more friendly to the deal since Donald Trump became president in the US. Deutsche Telekom declined to comment.

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Categories: Mobile & Wireless
Companies: Deutsche Telekom / Sprint / T-Mobile US
Countries: United States
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