Jumping into the acquisition fray

Deutsche Telekom AG is poised to make a $US100 billion bid for Sprint, according to published reports Thursday.

Citing a source close to Deutsche Telekom, The Times newspaper in London said the Bonn, Germany-based company was preparing to make its move after a proposed merger between Sprint and WorldCom Inc. ran afoul of European Union and US regulators earlier this week.

Deutsche Telekom spokesman Hans Ehnert refused comment, saying only, "We don't take part in speculations about our company in the media."

Meanwhile, a Sprint spokesman declined to comment on reports that Deutsche Telekom was bankrolling funds to make a bid for the company.

"We are are still making a decision internally about what we want to do, following the events at (US Department of Justice). I'm not expecting a decision on that until after the July 4 holiday," the spokesman said.

A similar report on a Deutsche Telekom bid for Sprint was published in the Wall Street Journal Thursday.

Rick Perera is a Berlin correspondent with the IDG News Service, an InfoWorld affiliate. Jennifer Jones is an InfoWorld senior editor.

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