Deutsche Telekom Reportedly Bids for VoiceStream

Deutsche Telekom

(DT) - Get 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

, 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. (

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.)