Deutsche Telekom shares rose as much as 2.8 percent in Frankfurt after a German magazine reported that Comcast is interested in a deal with the company’s T-Mobile US unit.
Deutsche Telekom is holding discussions with multiple parties about T-Mobile, Manager Magazin said, citing unidentified sources. Though no decision has been made, Deutsche Telekom’s management prefers Comcast because it is financially stronger and could handle a complete takeover, it said.
A spokesman for Bonn-based Deutsche Telekom declined to comment. A representative for Comcast couldn’t immediately be reached for comment.
T-Mobile shares rose as much as 3 percent in early trading, before the U.S. markets opened. T- Mobile, which is the fourth-largest U.S. mobile phone company, just behind Overland Park-based Sprint, is about 66 percent owned by Deutsche Telekom.
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In April, Comcast dropped its bid to buy Time Warner Cable, which has since agreed to be acquired by Charter Communications for $55 billion. Owning T-Mobile would help Comcast offer TV, Internet, mobile and wireline service in one package — a “quadruple play” that peers in Europe have been moving toward.
Dish Network is continuing slow-moving talks to acquire T-Mobile, and those talks reportedly haven’t advanced substantially since last September.