Report: Comcast engaged in talks to acquire T-Mobile

This summer, Deutsche Telekom could have a bidding wars on its hands as competition builds to acquire its United States subsidiary. The parent company of T-Mobile has been engaged in talks with Comcast about acquiring the carrier.

Comcast will have to work against Dish Network’s proposed merger and any other potential companies interested in making an offer for T-Mobile. Deutsche Telekom apparently views Comcast as a more attractive buyer and that is likely due to the media company’s deep pockets. Comcast is now the largest cable provider, has a massive portfolio covering national and regional cable networks, and walked away from a $45 billion purchase of Time Warner Cable. The money set to be used for the Time Warner Cable purchase can be redirected for a deal with Deutsche Telekom.

The Dish Network merger would allow T-Mobile CEO John Legere to remain in his current position. However, Comcast gaining control of the carrier could reassign Legere to another position or even remove him from the company. Comcast is a operates very tightly and Legere’s blunt personality may not be a match for the two.

An unnamed source told Ars Technica that Comcast is not interested in buying T-Mobile. Neither company has yet to publicly comment on the report.

Source: Manager Magazin
Via: Reuters

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