March 8 (Bloomberg) -- Deutsche Telekom AG has held talks to sell its T-Mobile USA unit to Sprint Nextel Corp. in exchange for a major stake in the combined entity, said people with knowledge of the matter.
Talks have been on and off, and a deal may not be reached, said the people, who spoke on the condition of anonymity because the talks are private. The companies haven’t been able to agree on the valuation of T-Mobile USA, which reported a drop in profit in the fourth quarter, the people said. Sprint and Deutsche Telekom shares jumped.
source: http://www.businessw...e-usa-deal.html
another article:
Bloomberg today revived a long-simmering story in the wireless world when it reported that Deutsche Telekom is considering selling its T-Mobile USA subsidiary to Sprint Nextel. A deal is nowhere near definite, sources told Bloomberg, but the two companies are debating a valuation for the country's fourth-largest carrier.
source: http://www.cnet.com/...rap;editorPicks
