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Technology Stocks : WCOM
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To: Paul Berggren who started this subject7/10/2000 7:03:43 PM
From: globestocks  Read Replies (1) of 11568
 
Article

07-10-00 06:52:57 PM Deutsche Telekom makes offer for VoiceStream - FT


LONDON, July 10 (Reuters) - Deutsche Telekom AG (DTEGn.DE)
has made an offer to acquire VoiceStream Wireless Corp (VSTR.O))
that values the U.S. mobile phone company at more than $30
billion (20 billion pounds), the Financial Times reported on
Monday.
The newspaper said in a report on its web site that the
offer came despite Deutsche Telekom's continued interest in
acquiring Sprint Corp (FON.N), a larger phone group likely to be
up for auction following the collapse of a rival bid from
WorldCom Inc (WCOM.O).
The FT's unsourced report said France Telecom SA (FTE.PA)
was also known to be interested in making an offer for
VoiceStream through its Orange mobile phone subsidiary.
Deutsche Telekom was the furthest advanced in its
negotiations and had approached VoiceStream with a specific
offer to acquire all of its share capital or a controlling
stake, the newspaper said.
It said Deutsche Telekom had declined comment.
($1 = (0.66 pound)
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