T-Mobile Merging with Sprint? Say it Ain’t So!March 8, 2011 No Comments
Many moons ago I had Sprint as my cell phone carrier. When my bill came at different prices every month I decided I’d had enough and mosied over to T-Mobile. I have been content with things at T-Mobile which makes me apprehensive to find out that there are talks of merging the two.
Bloomberg Businessweek is reporting that Deutsche Telekom is in talks to “sell its T-Mobile USA unit to Sprint in exchange for a major stake in the combined entity.” When asked about the merger, Deutsche Telekom Chief Financial Officer Timotheus Hoettges had this to say â€œIn general, all options are open in the U.S. — the sale of the whole business
or of parts,â€.He also said that the company could also find a partner, sell shares in the market or form a network agreement.According to Hoettges. Deutsche Telekom is felxibly positioned and is working on several options. â€œWeâ€™re not under pressure. We want the best solution.â€
I don’t know what to expect, but hopefully my past experiences are no longer cause for concern.
Source: Bloomberg Businessweek