Deutsche Telekom Reportedly Bids for VoiceStream
Deutsche Telekom
(DT) - Get Dynatrace, Inc. Report
has offered to buy U.S. wireless provider
VoiceStream
(VSTR)
in a bid that values the U.S. wireless provider at $30 billion, according to
FT.com
.
Deutsche Telekom had been expected to bid for
Sprint
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, whose deal to be acquired by
WorldCom
(WCOM)
has fallen apart. FT.com said Deutsche Telekom still was interested in Sprint, but Deutsche Telekom may have a tough time going after both. (
TheStreet Recommends
TSC
has
written about Deutsche Telekom's interest in Sprint.)
Deutsche Telekom isn't the only one interested in VoiceStream. According to FT.com,
France Telecom
(FTE)
and
SBC
(SBC)
are also considering bids for VoiceStream.
But Deutsche Telekom has made the most progress, making a specific bid for at least a controlling interest in VoiceStream, the Web site said. VoiceStream didn't immediately return a phone call.
Deutsche Telekom is flush with cash after completing a huge bond offering. (
TSC
wrote about the offering recently.)
VoiceStream's shares soared in after-hours trading, trading at about 150 after closing regular trading at 124 15/16 (see tonight's Night Watch for more on VoiceStream's
after-hours action.)
