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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

DTEGY ChartDTEGY data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

3 Hot Reads From TheStreet's Top Premium Columnists

3 Hot Reads From TheStreet's Top Premium Columnists

Video: How to Select Mutual Funds in Your 401(k)

Video: How to Select Mutual Funds in Your 401(k)