Feeds

Want to buy T-Mobile US? Yours for $35 per share – report

Deutsche Telekom sets the price of its honor

Secure remote control for conventional and virtual desktops

The parent company of US mobile telco bad boy T-Mobile has reportedly decided it will sell the firm, after two failed bids, and has set its price at $35 per share.

According to a person with knowledge of the matter, senior managers at the German firm met for a strategy meeting in Berlin on Thursday to discuss the recently failed bid from French firm Illiad, Bloomberg reports. That offer was $33 per share, but apparently Deutsche Telekom have decided that $35 is a good offer.

Deutsche Telekom owns two thirds of T-Mobile US and has been trying to sell the division for years now. AT&T were the preferred suitor, but that deal got blocked by US regulators who weren't keen on the second biggest mobile telco in the US swallowing the number four player.

After the deal fell through T-Mobile hired old AT&T hand John Legere to run the company, and he proceeded to shake up the cozy oligopoly that was running mobile communications in the US with an "Un-carrier" initiative aimed at shaping up the market and growing his slice of the market.

The policy has been a success, with T-Mobile's subscriber numbers soaring while the competition lost custom. The merger with MetroPCS has also helped, but the firm is still struggling to make a profit and has significant debt.

Softbank-owned Sprint has also made a bid which, according to Bloomberg, valued the firm at $40 per share. The merger failed through over fears that the US regulators would have similar objections the Deutsche Telekom mole reports.

Sprint's offer was followed up by Illiad – a deal that the US regulators shouldn't have a problem with, but it was rejected by Deutsche Telekom. This latest leak, whether it be a good source or a deliberate whisper from the Germans, suggests if the French firm offers a little more there might be a rapprochement if it offers a little more.

There's no word from T-Mobile on the veracity or otherwise of the report, and its normally free-speaking CEO clearly has other things on his mind. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.