UPI en Español  |   UPI Asia  |   About UPI  |   My Account
Search:
Go

Deutsche Telecom may be pursuing Sprint

|
 
Published: Sept. 15, 2009 at 5:25 PM

KANSAS CITY, Mo., Sept. 15 (UPI) -- A Deutsche Telekom attempt to buy U.S. wireless carrier Sprint is a "necessary evil," good for both companies, despite the problems, an industry analyst said.

"I think right now it's clear that Sprint and T-Mobile are having an increasingly difficult time competing in the current environment, and there's really no easy solution," analyst Michael Nelson at Soleil Securities told the Kansas City, Mo., Sun.

"I think consolidation in the wireless industry is a necessary evil and makes a lot of sense," he said.

Both Sprint and Deutsche Telekom, which owns T-Mobile, declined to comment on the possible multibillion-dollar deal that could be a few weeks from surfacing.

British newspaper Sunday Telegraph reported Deutsche Telekom had asked bankers to assemble an offer to buy Sprint, the Sun reported Tuesday.

A deal would combine the third and fourth largest wireless carriers in the United States and "raise a lot of regulatory flags," Nelson said.

It could also be a nightmare from a technical point of view.

"From the Sprint side, you've got CDMA, WiMAX and iDEN, and then on the T-Mobile side you've got GSM in its 2G flavor and you've got the 3G version," Shosteck Group Chief Executive Officer Jane Zweig said.

Topics: Michael Nelson
© 2009 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
Join the conversation
Most Popular Collections
'Star Trek Into Darkness' screening NBC upfronts Met Ball 2013
'Great Gatsby' premieres in New York Spire raised on top of One WTC 2013: Celebrity break ups and divorces
Additional Business News Stories
1 of 17
Alessandra Ambrosio attends the "Monsters University" premiere with their sons in Los Angeles
View Caption
Brazilan model Alessandra Corine Ambrosio attends the premiere of the animated motion picture comedy "Monsters University", at the El Capitan Theatre in the Hollywood section of Los Angeles on June 17, 2013. UPI/Jim Ruymen
fark
After some careful soul-searching, Chrysler decides they would rather not be sued into oblivion...
Have you flown through Dulles Airport within the past week and a half? Good luck with the measles...
Epic response to letter full of legalese from lawyer who's apparently sick of this shiat
If your bar/restaurant is named "FRIENDLY'S", it would be in your best interest not to put "FARKING...
Mmmmmmmm ...........Baked Alaska
Photoshop this German girl and her grapes