Deutsche Telekom: T-Mobile talks with US-Sprint ended.
(CercleFinance.com) - Deutsche Telekom is down over 3% in Frankfurt this morning, after T-Mobile US, its 64%-held subsidiary, and Sprint Corp.
, a subsidiary of the Japanese group Softbank, announced at the weekend that they were ending their merger talks, as no agreement could be reached between their parent companies.
Neither Sprint nor Deutsche Telekom seemed to want to give up control of the new entity; analysts at Aurel BGC said, noting that the gap should remain between the two sector leaders, AT&T and Verizon, and their rivals.
However, it is particularly Sprint rather than T-Mobile US that will have to find a solution to continue its recovery, whose commercial momentum has now been well established over recent years, the broker continued.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
, a subsidiary of the Japanese group Softbank, announced at the weekend that they were ending their merger talks, as no agreement could be reached between their parent companies.
Neither Sprint nor Deutsche Telekom seemed to want to give up control of the new entity; analysts at Aurel BGC said, noting that the gap should remain between the two sector leaders, AT&T and Verizon, and their rivals.
However, it is particularly Sprint rather than T-Mobile US that will have to find a solution to continue its recovery, whose commercial momentum has now been well established over recent years, the broker continued.
Copyright (c) 2017 CercleFinance.com. All rights reserved.