NEW YORK (TheStreet) -- T-Mobile (TMUS) shares rose Thursday after its parent company, Deutsche Telecom (DTEGY) , said it would be willing to negotiate a sale of the fourth-largest U.S. wireless carrier if a deal valued the company at a minimum of $35 a share, according to Bloomberg.
Senior managers at Deutsche Telekom discussed the U.S. wireless carrier's valuation during a meeting in Berlin on Thursday, according to the report. T-Mobile recently rejected French carrier Iliad's bid of $33 a share, and Bloomberg's source said the company has yet to receive an increased offer from any prospective buyer.
Sprint (S) , the third-largest U.S. carrier, also withdrew from contention to acquire T-Mobile earlier this month.
Must Read: 50 Stocks Hedge Funds LoveSTOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. T-Mobile was up 1.63% to $29.92 at 2:23 p.m. More than 7.5 million shares had changed hands, compared to the average volume of 4,511,420. TMUS data by YCharts
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts