0.29%QQQQ 49.77 0.40%MSFT 30.06 1.28%
Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
Deutsche Telekom AG, the owner of T-Mobile USA, is considering buying mobile-phone firm Sprint Nextel, according German magazine Der Spiegel.
| S | 9.18 |  -0.22 |
The magazine noted Sprint Nextel's share price has slumped and the strong euro makes it a low price transaction that would help the European company to compete with the leading American telecom firms.
The report didn't specify how the magazine got the information however analysts from Merrill Lynch also have recently speculated that DT could aim for a purchase.
Sprint Nextel ranks number three among the four largest mobile-phone service providers with 53.8 million subscribers while T-Mobile is placed in fourth place with 29.8 million. The joint company would make it the largest cell phone company in the nation.
Leading the market are AT&T Wireless' with 70.1 million subscribers and Verizon 64.0 million.
Shares of Sprint Nextel traded at $7.81 on Friday in after hours electronic trading after falling 1.01 percent n the New York Stock Exchange.
Shares of Sprint Nextel fell 13 cents, or 1.62 percent to $7.89 in afterhours electronic trading.
Eritrea is considering five more applications for exploration licences, and will make its decision within the year.
Software giant Microsoft Corp launched a new online service in 20 countries on Tuesday that allow users to watch video clips at the same time as ...
The One Laptop Per Child project is about to find out whether Microsoft Corp., a...
|
Professional Website Design For Corporate - Get a Free Quote Today
Find the most up to date research from leading investment firms to make the most informed investing decisions
|
© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
