TMCNet:  Deutsche Telekom Open To T-Mobile Sale Talks At $35/Share: Bloomberg

[August 29, 2014]

Deutsche Telekom Open To T-Mobile Sale Talks At $35/Share: Bloomberg

(dpa-AFX International Compact Via Acquire Media NewsEdge) BONN (dpa-AFX) - Deutsche Telekom AG (DTEGY.PK) is willing to negotiate a sale of its T-Mobile US Inc. unit for an offer of $35 per share or more, Bloomberg reported, quoting a person with knowledge of the matter.


T-Mobile is the fourth-largest wireless carrier in the U.S. Senior managers of Deutsche Telekom reportedly discussed T-Mobile's valuation at a strategy meeting in Berlin this week.

Earlier this month T-Mobile rejected a $33 per share offer from France's Iliad SA. The unit has not yet received an increased offer.

The stock fell 0.9 percent on Thursday in Frankfurt to close at 11.43 euros.

Copyright RTT News/dpa-AFX

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