Why Deutsche Telekom (DTEGY) Stock Is Lower Today

NEW YORK (TheStreet) -- Shares of Deutsche Telekom  (DTEGY) are down -1.36% to $15.97 after the German telecommunications provider reportedly indicated serious doubts about the overall attractiveness of a bid by French telecom group Iliad for its U.S. mobile unit, despite lower regulatory hurdles than a rival offer, sources told Reuters.

Iliad made a surprise bid last Thursday for 56.6% of T-Mobile US (TMUS) at $33 per share, crashing deal talks between Deutsche Telekom and Sprint (S) that have been going since last year, Reuters noted.

Sprint has been planning an offer that values T-Mobile at about $40 per share, sources earlier told Reuters, though that bid is likely to face more regulatory challenges as it would whittle down the number of big players in the market to three from four.

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DTEGY ChartDTEGY data by YCharts

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