Reports in the Wall Street Journal and elsewhere have European communications giant Deutsche Telecom looking to expand its presence in the North American communications market, possibly my making a deal to purchase the U.S.’ third-largest mobile operator, Sprint-Nextel. If a deal were to go through, Deutsche Telecom would suddenly find itself the top mobile provider in the United States, since it already runs T-Mobile USA.
Deutsche Telecom CEO Rene Obermann has stated that he would like to expand the company’s mobile offerings through acquisitions, particularly as land-line business continues to decline. The company is also under pressure from the German government—which owns about a third of Deutsche Telecom—to make significant acquisitions in order to boost its share price.
