Report: Deutsche Telekom May Submit Bid For Sprint To Fix U.S. Business

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Deutsche Telekom (NYSE: DT) is considering acquiring Sprint (NYSE: S), the third-largest U.S. carrier in a bid to fix T-Mobile USA, its ailing U.S. wireless business. Sources told the UK’s Telegraph that Deutsche Telekom may submit a bid within the next few weeks.

The company has apparently hired an investment bank to consider the offer, which closely follows the decision to merge with its struggling T-Mobile UK business with Orange to create Britain’s biggest mobile phone firm. DT’s two ailing wireless units have been a top priority of CEO RenĂ© Obermann, who blames them for contributing to the company’s

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