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Deutsche Telekom fell 1.7 percent in Germany Monday following a weekend report that it is interested in buying Sprint Nextel.
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] relatively low market capitalization of $22 billion, the paper said.Deutsche Telekom declined to comment.
A deal would combine the No. 3 and No. 4 wireless carriers in the U.S. Deutsche Bank already owns No. 4 player T-Mobile.
Some analysts were skeptical that a merger could go through.
It would be "crazy" for Deutsche Telekom to purse such a deal, one analyst told CNBC Europe.
T-Mobile and Sprint Nextel would not be technologically compatible, T-Mobile margins are still quite healthy as a standalone and U.S. regulators would likely block the deal, the analyst said.
"It is doubtful that the United States would allow a large part of its mobile phone infrastructure to fall into foreign hands," a trader said. "It is also open whether the German government as largest Telekom shareholder would support the Americanization of the company."
But another analyst told CNBC Europe that a low price could trump any concerns and justify elevated costs for consolidating technologies. The move would also fit into Deutsche Telekom's non-German market share expansion strategy, the analyst said.
-- wire services contributed to this report
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