Deutsche Telekom Moves T-Mobile (TMUS) Stake To Netherlands

NEW YORK (TheStreet) -- T-Mobile (TMUS) parent company Deutsche Telekom has moved its stake of the U.S. carrier to a Netherlands subsidiary, a potential sign that it is looking to sell.

Shares of T-Mobile rose 1.1% to $32.87 Thursday.

Deutsche Telekom revealed the move in a regulatory filing with the SEC, according to Re/code. BTIG Research analyst Walter Piecyk said in a research note that "Vodafone  (VOD) held its stake in Verizon Wireless  (VZ) in the Netherlands and is expected to have a very 'tax-efficient' transaction in the sale of those shares." The move, therefore, could prove that Deutsche Telekom is willing to sell off T-Mobile.

Japanese carrier Softbank, which currently owns Sprint (S), is reportedly working towards making a bid for T-Mobile. Satellite TV company Dish (DISH) was also recently preparing a bid for the fourth-place carrier.

TMUS Chart TMUS data by YCharts

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