Comcast Corp. isn’t interested in buying T-Mobile US Inc. and hasn’t discussed a deal with its parent company Deutsche Telekom AG, said a person familiar with the matter.
Comcast doesn’t want to risk pushing another deal in front of regulators so soon and hasn’t engaged in deal talks, said the person, who asked not to be named because the internal discussions are private. Manager Magazin in Germany reported that Comcast is interested in a deal with T-Mobile, citing people it didn’t identify.
In April, Philadelphia-based Comcast, the largest cable company in the U.S., dropped its bid to buy Time Warner Cable Inc., which has since agreed to be acquired by Charter Communications Inc. for $55 billion. Owning T-Mobile would help Comcast offer TV, Internet, mobile and wireline service in one package -- a “quadruple play” that peers in Europe have already been moving toward.
Deutsche Telekom continues to discuss a deal with Dish Network Corp., said another person familiar with those discussions, although talks still haven’t progressed substantially and no banks have been formally hired by Deutsche Telekom, T-Mobile or Dish. Charlie Ergen, Dish’s chief executive officer, has engaged T-Mobile’s management with deal discussions rather than German parent Deutsche Telekom, the person said. While Deutsche Telekom is aware of the talks, the board and management are still deciding how seriously to take a potential Dish offer, the person said.
If Dish puts forth a credible offer, banks could be hired quickly, the person said. Dish has spoken with banks to raise $10 billion to $15 billion for a bid, the Wall Street Journal reported last week.
Ergen acknowledged last week in an interview that Deutsche Telekom “may not be in a position where they want to do anything.”
John Demming, a Comcast spokesman, and Bob Toevs, a spokesman for Englewood, Colorado-based Dish Network Corp., declined to comment. Andreas Leigers, a spokesman for Bonn-based Deutsche Telekom, and Annie Garrigan from T-Mobile also declined to comment.