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Sector
Telecoms
Size
Large Cap
Market Cap £174.76bn
Enterprise Value £315.94bn
Revenue £147.06bn
Position in Universe 28th / 6360

Merged T-Mobile US to close valuation gap on Big Two - Deutsche Telekom CEO

Wed 19th February, 2020 9:01am
BONN, Germany, Feb 19 (Reuters) - The merger between
T-Mobile US  TMUS.O  and Sprint  S.N  is within reach, the head
of its main owner Deutsche Telekom said, forecasting that the
combined business would quickly close a valuation gap on market
leaders AT&T  T.N  and Verizon  VZ.N . 
    Highlighting the positive market reaction after a New York
judge last week dismissed a lawsuit brought by more than a dozen
U.S. states trying to block the deal, CEO Tim Hoettges said the
'new' T-Mobile would have a market value of around $120 billion.
    That compares to $274 billion for AT&T and $242 billion for
Verizon, he added in remarks prepared for a news conference on
Wednesday. "That is a difference of around $120 billion. I see
no reason why this cannot be reduced considerably," he said.
    The three main wireless carriers would have similar customer
numbers of between 140 million and 150 million, he added: "That
puts us on an equal footing and in a position to ramp up attacks
on the competition." 

 (Reporting by Douglas Busvine
Editing by Michelle Martin)
 ((douglas.busvine@tr.com; +49 30 2888 4084; Reuters Messaging:
douglas.busvine.thomsonreuters.com@reuters.net))
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