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Report: T-Mobile Eyeing Sprint Acquisition

If a recent reports from London's Telegraph is to be believed, the Deutsche Telekom subsidiary is contemplating making a bid for Sprint. Currently placed at number four in the U.S., the acquisition would see T-Mobile/Sprint come close to AT&T and second place.

Telegraph sources said Deutsche Telekom is in discussions with banking advisers from Deutsche Bank and if given the green light will submit a bid for Sprint, which has a market valuation of $10.6 billion, in the coming weeks.

T-Mobile UK last week announced plans to merge with the country's largest cell phone carrier, Orange. The two are expected to bring the European Union's anti-competition office up to speed with full details of the proposed deal by the end of October.

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