Posted by: KateGerwig
3G wireless, AT&T, mergers & acquisitions, Sprint, T-Mobile, Verizon Wireless
The rumors are all over the place. T-Mobile USA may be pushed out of the cozy Deutsche Telekom nest to fund its own build-out with an IPO. Either that or a possible Sprint acquisition. That’s a big either/or. Everyone who’s anyone is talking…including The Wall Street Journal and Business Week (so you know we’re talking serious business story here). As brother-blogger Tom Nolle says, T-Mobile is a valuable property that’s beneffiting from smartphone madness.
The payoff would be for DT investors who have watched a stock downslide even as DT spent almost $3 billion in 2009 building out T-Mobile’s 3G network in the U.S. to keep customers from migrating to AT&T and Verizon Wireless – who are so busy dissing each other they never even mention T-Mobile.</p>
DT reported a loss of 77,000 U.S. mobile customers in Q3 2009, when the company said the T-Mobile USA network covered 167 million people. The goal is to reach 220-230 million when the expansion is done. And that must mean IPO to come up with the cold cash.