It abandoned talks on an offer of roughly $40 a share on Tuesday, citing opposition from regulators who want a four-player market. Sprint and its majority owner, Japan's Softbank 9984.T, wanted to buy T-Mobile to form a stronger third player to rival AT&T T.N and Verizon VZ.N.

business until the political climate turns more favourable towards market consolidation and in the meantime lobby as a standalone operator to get a reserved bloc of the best spectrum in next year’s keenly awaited auction of long wave radio frequencies. Before Sprint dropped out Deutsche Telekom told Iliad it did not want to engage in talks at that price level and Iliad was searching for partners with a view to possibly raising its bid.Īlternatively analysts said Deutsche Telekom now could now decide to hold on to the U.S. ĭeutsche Telekom, which declined to comment on Wednesday, must now decide whether to open T-Mobile US's books to French low-cost telecoms firm Iliad ILD.PA, which has made a $33 offer for 56.6 percent of the US business. The German company, which earns about a third of sales and a fifth of core profits in the United States, has tried to sell its US subsidiary twice since late 2011 because it believed that as the fourth-biggest mobile network operator T-Mobile US lacks critical mass to compete with leaders AT&T T.N and Verizon VZ.N.

BST, wiping some 1.6 billion euros (£1.27 billion) off its market value. Shares in Deutsche Telekom fell as much as 5 percent to a 16-week low on Wednesday after Sprint abandoned deal talks and were still down 3 percent at 11.53 euros at 1.27 p.m.

The logo of Deutsche Telekom AG is seen on top of the company's headquarter in Bonn May 24, 2012.

Dubai off road radio frequencies