T-Mobile US is close to agreeing to terms on a deal to merge with peer Sprint, people familiar with the matter said.
European markets closed provisionally choppy Wednesday afternoon, as investors awaited monetary policy guidance from the Federal Reserve.
"We have looked at every other alternative to make sure we are making the right decision," Marcelo Claure tells CNBC.
Sprint has approached T-Mobile-owner Deutsche Telekom to discuss a potential merger with the U.S. wireless carrier, according to Bloomberg.
Sprint and SoftBank have started preliminary conversations to merge with T-Mobile US, Bloomberg reported on Friday, citing people familiar with the matter.
T-Mobile US will very likely be part of merger talks in the U.S. and its strong position there should give it time to find the best fit, its parent Deutsche Telekom said.
Deutsche Telekom wrote down the value of its stake in BT by 2.2 billion euros, pushing it to a Q4 net loss, yet its CEO remains optimistic.
Deutsche Telekom CEO Timotheus Höttges talks about its performance in its German and U.S. market.
Deutsche Telekom CEO Timotheus Höttges talks about the risk of cyber-attacks in today’s digital age, with added comment on news out of the Mobile World Congress, such as 5G technology.
Deutsche Telekom CEO Timotheus Höttges says the company was “very much on track” for 2017, when commenting on its earnings and its stake in BT.
Markets in Europe hovered around the flatline on Thursday as investors took a breather after a strong rally on Wall Street.
European markets finished Monday's trade mostly higher, after investors digested a raft of earnings and fresh economic data.
T-Mobile could be involved in tie-up with Sprint, or be acquired by a cable company, JP Morgan said
Some of the names on the move ahead of the open.
European stocks seesawed in trade on Tuesday as oil prices slipped and poor U.S. service sector data pushed many markets down.
European stocks finished in the black on Thursday as investors cheered on the sharp rebound in oil prices.
U.S. authorities have asked mobile phone carriers and manufacturers including Apple and Samsung, to explain how they release security updates.
European stocks ended Wednesday sharply lower, after a raft of major earnings, a decline in mining stocks and renewed pressure on oil weighed on sentiment.
The ECB's surprise stimulus came at a crucial time for European banks. But now they have to make the most of it.
European markets posted strong gains by Thursday's close, as investors cheered on a positive set of corporate earnings, rather than dwelling on oil.