Merger Murmurs Spruce Up a Woeful Wireless Season
Talk of consolidation among wireless carriers remains one of this industry's few upbeat topics as earnings season kicks off. Wireless companies continue to cast about for any sliver of good news, amid stunted growth, declining revenues and a Moody's downgrade of the entire sector last month.
Investors will be waiting impatiently today for any developments out of Deutsche Telekom(DT Quote), whose CEO, Ron Sommer, reportedly may throw in the towel to appease shareholders and the German government, which is a 43% owner of the company.
Sommer engineered the company's spending rampage over the past two years, including a $31 billion purchase of VoiceStream. The unit was reportedly in preliminary discussions with a wide range of U.S. carriers, including AT&T Wireless(AWE Quote), in an estimated $10 billion merger. ...
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