Deutsche Telekom AG shares rose as much as 2.1 percent in Frankfurt trading after Manager Magazin reported that Comcast Corp. is interested in a deal with the German company’s T-Mobile US unit.
The shares traded 1.8 percent higher at 15.30 euros at 12:28 p.m. in Frankfurt. T-Mobile, which is the fourth-largest U.S. mobile-phone company and is about 66 percent owned by Deutsche Telekom, has a market value of $31.5 billion.
Deutsche Telekom is holding discussions with multiple interested parties about T-Mobile, Manager Magazin reported, citing people it didn’t identify. Comcast, the largest U.S. cable provider, is among the candidates, the publication said. Deutsche Telekom hasn’t made any decision about T-Mobile, it said.
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