T-Mobile Open To A Sale At $35 Per Share

It was first rumored earlier this year that Sprint is interested in acquiring T-Mobile. Softbank, which owns Sprint, had even arranged for financing of the deal, it was reported at one point. But recently reports claiming that the deal was dead surfaced. Since then T-Mobile received an offer from a French telecom company but that was rejected. It looks like T-Mobile still might be open for sale provided someone comes with an offer of $35 per share.

Deutsche Telekom owns the majority stake in T-Mobile U.S. and today Bloomberg reports that it is willing to accept an offer of $35 per share or more. The scribe cites a “person with knowledge of the matter,” who asked not to be identified as these internal deliberations at Deutsche Telekom are confidential.

Iliad, the aforementioned French telecom company, had presented a $33 per share bid to T-Mobile’s owners which they had rejected. The Iliad brass is yet to come up with a revised offer and there might be a chance of the offer being accepted as DT has signaled in the past as well that it would accept a proposal if the price is right.

Its possible that federal regulators may not have major concerns over such a takeover. Sprint and T-Mobile merging together would have created consolidation in the U.S. market which regulators were reportedly opposed to. This way T-Mobile would remain an independent carrier with different ownership. But it remains to be seen if some suitor comes up with an offer that T-Mobile can’t refuse.

Adnan Farooqui
Categories: Cellphones
Tags: Sprint, T-Mobile