Several Companies Trying to Acquire T-Mobile, Comcast May Have the Upper Hand
Several companies want to acquire T-Mobile. Now, it seems as though cable and Internet provider Comcast has the upper hand, according to CNet.
Earlier reports said that Dish Network and T-Mobile were in talks and T-Mobile's CEO John Legere said he was very excited with what Dish Network was doing.
Comcast and Deutsche Telekom have been discussing the possibility of the cable provider buying T-Mobile, the German publication Manager Magazin reported Wednesday. Deutsche Telekom is the Germany-based carrier that owns T-Mobile.
Deutsche Telekom has yet to finalize any deal with Comcast and is still talking to several other companies including Dish. According to Wednesday's report, the German firm believes Comcast would be the best partner.
A merger of Comcast and T-Mobile would combine Comcast's 27 million subscribers with T-Mobile's 39 million subscribers.
The deal would be beneficial to both parties. Comcast could enter the quickly growing wireless and mobile phone market. Deutsche Telekom would be able to shed T-Mobile from its holdings, a task it has tried to complete for years.
In 2011, AT&T tried to merge with T-Mobile for $39 billion. The plan was heavily criticized by lawmakers and regulators and AT&T decided to take back the offer.
Comcast also saw a deal fall apart when it tried to acquire Time Warner Cable for $45 billion. The company abandoned the deal when it realized it would not be approved by regulators.
Deutsche Telekom must decided which company would give them the better deal. Comcast is said to have enough cash to completely acquire T-Mobile, leaving Deutsche Telekom free of their responsibilities of T-Mobile. If Dish were to acquire T-Mobile, Duetsche Telekom might still have to own part of T-Mobile, which it does not want.
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