Deutsche Telekom AG is analyzing a possible takeover of Sprint Nextel Corp., the third-biggest U.S. mobile-phone company, Der Spiegel reported, without saying how it got the information.Sprint Nextel’s Share price drop and the strong euro make the transaction a bargain, the magazine said. A merger with Telekom’s T-Mobile USA division would help the German phone company catch up with the U.S. market leader, Spiegel reported.
Sprint Nextel is valued at less than $1,000 per customer based on a study of takeover scenarios by Merrill Lynch & Co. published in March, the magazine said. Sprint Nextel has about 54 million customers and generates about $40 billion in sales, the magazine said.
source: bloomberg