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T-Mobile Buyout Rumors Surface Again

News by Luke Jones on Friday September 18, 2015.

t-mobile news · industry news · luke jones

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T-Mobile has had a stellar few years. The company came from being way behind the likes of Sprint, AT&T, and Verizon to shake up the carrier industry in the USA and even change it forever. In that process the Magenta Network put itself firmly in the mix with the other big four and has been recording impressive financial quarters to suggest a thriving business.

However, parent company Deutsche Telekom has made no secret of the fact that it wants to sell T-Mobile, likely to cash in on a company that is blazing hot right now. There have been numerous mooted suitors for the carrier, while mergers with Sprint and Dish Network have been in the final stages only to collapse for one reason or another.

While there are still no firm bids for T-Mobile, Wall Street is viewing the company as potentially the next major acquisition target in the technology sector. The recent purchase of Cablevision by French telco Altice for $17.7 billion means that the cable industry is shored up for now, so the Street is looking to wireless. In this area T-Mobile is the prime target most analysts agree.

CEO John Legere has said that T-Mobile would be a good bet for Comcast, a clear sign of business courting if ever there has been one. However, Comcast's rumored interest (stretching back to last year) has cooled it seems, but could French Telco Altice be ready to dip into its pockets again?

Fresh from that huge Cablevision purchase, Chairman Patrick Drahi tweeted that the company could next spread its net further into the mobile realm. Was that thinking out loud or confirmation of something more concrete, and would that even mean buying T-Mobile or another company?

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About the author

Luke Jones
Luke Jones is the Managing Editor at MobileBurn.com and is the person you need to speak to about the content on the site. Luke studied creative writing at degree level before carving out a reputation as a freelance tech writer. He settled here at MobileBurn, where he reviews devices and contributes to the news, as well as overseeing the site's content and direction.

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