DT stays mum over $30bn VoiceStream bid

NEWS Deutsche Telekom (DT) has been keeping quiet about a report in today's Financial Times that the company has made a $30bn takeover bid for US mobile phone company VoiceStream. A takeover of all VoiceStream stock - currently worth $22.9bn - would give DT its first foothold in the US market, but the US government has until now expressed reservations by selling a US phone company to a rival partially owned by a foreign government. In recent weeks, DT has also been linked with takeover aspirations for Cable & Wireless, Qwest Communications and Sprint. Japanese telco, NTT DoCoMo, has also been rumoured to be looking at VoiceStream as an acquisition target.