Despite denial, move by Deutsche Telekom hints at imminent sale of T-Mobile US
But Deutsche Telekom said on Thursday that the move was part of an internal restructuring and said that nothing more should be read into the action it made. The company had alerted U.S. regulators to the shift on Wednesday. Meanwhile, a report published on Friday by the Wall Street Journal stated that at least two banks have approached Sprint, each willing to offer as much as $50 billion in financing, to be used toward the purchase of T-Mobile.
If ever a carrier was deemed to be red hot, T-Mobile would be it. With a number of consumer-friendly innovations that have been copied by the rest of the industry (albeit in diluted fashion), the once sleepy afterthought has become the darling of the industry, led by CEO John Legere. The latter doesn't look like a CEO with his longish hair and casual attire.More importantly, Legere doesn't act like a CEO as he often directs his laser like wit at the competition, usually AT&T.
As for the transfer, BTIG analyst Walter Piecyk says that Deutsche Telekom could have moved its T-Mobile holdings for tax purposes. The analyst says that the Netherlands offers favorable tax treatment on asset sales. And while Piecyk doesn't expect U.S. regulators to allow the sale of T-Mobile, the move made by Deutsche Telekom still has the look of an imminent deal, even with the latter's denial. It would appear as though Deutsche Telekom moved its T-Mobile US assets so that it will incur favorable tax treatment when it sells its stake in the stateside carrier.
posted on Jan 17, 2014, 5:52 AM 2
Posts: 5993; Member since: Dec 22, 2010
posted on Jan 17, 2014, 9:52 AM 2
Posts: 4974; Member since: Mar 04, 2010
posted on Jan 17, 2014, 10:04 AM 3
Posts: 2478; Member since: May 06, 2009
posted on Jan 17, 2014, 9:41 AM 1
Posts: 1043; Member since: Sep 28, 2013
posted on Jan 17, 2014, 10:24 AM 1
Posts: 228; Member since: Mar 11, 2013
posted on Jan 17, 2014, 12:25 PM 0
Posts: 272; Member since: Apr 05, 2011
posted on Jan 17, 2014, 10:35 AM 2
Posts: 70; Member since: Oct 04, 2013
posted on Jan 17, 2014, 11:00 AM 1
Posts: 346; Member since: Jan 30, 2012
posted on Jan 18, 2014, 9:42 PM 0
PhoneArena Comments Rules
A discussion is a place, where people can voice their opinion, no matter if it is positive, neutral or negative. However, when posting, one must stay true to the topic, and not just share some random thoughts, which are not directly related to the matter.
Things that are NOT allowed:
- Off-topic talk - you must stick to the subject of discussion
- Trolling - see a description
- Flame wars
- Offensive, hate speech - if you want to say something, say it politely
- Spam/Advertisements - these posts are deleted
- Multiple accounts - one person can have only one account
- Impersonations and offensive nicknames - these accounts get banned
Moderation is done by humans. We try to be as objective as possible and moderate with zero bias. If you think a post should be moderated - please, report it.
Have a question about the rules or why you have been moderated/limited/banned? Please, contact us.
Send a warning to post author
Send a warning to Selected user.
The user has 0 warnings currently.
Next warning will result in ban!
Ban user and delete all posts
Message to PhoneArena moderator (optional):