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Deutsche Telekom Puts $35/Share Price Tag On T-Mobile

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T-Mobile (NYSE: TMUS) two-thirds stakeholder Deutsche Telekom AG is willing to sell the business for at least $35 a share, according to a report Thursday from Bloomberg news service.

T-Mobile traded recently at $30.04, up two percent.

Deutsche Telekom Chief Executive Timotheus Hoettges said in an August 7 statement that an acceptable offer would be higher than T-Mobile's standalone price.

T-Mobile's merger talks with Sprint reportedly collapsed earlier this month because of anti-trust scrutiny. Those talks were never formally announced. But Iliad, a French mobile operator, has since offered to buy a 56.6 percent stake in T-Mobile for about $33 a share, or $15 billion.

Deutsche rejected the Illiad bid August 13, but unconfirmed reports subsequently surfaced that Illiad is now trying to drum up additional financing for a deal with Google and Microsoft.

Posted-In: Deutsche TelekomNews Rumors M&A

 

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