German Finance Minister Peer Steinbrueck said Monday that talk on a possible takeover of U.S.
Sprint Nextel by Deutsche Telekom is a "rumor" in his view.
"I regard this as a rumor," Steinbrueck told reporters, when asked about media reports claiming that the German telecom giant was mulling to buy Sprint Nextel. The move could make the company''s U.S. wireless
arm, T-Mobile USA, market leader in the U.S.
Germany''s government controls a 15% stake in Deutsche Telekom directly and holds another 17% via state-owned bank KfW Bankengruppe.
Steinbrueck was speaking on the sidelines of a symposium on public finances organized by the Christian Democratic Union''s Economic Council.
Source:Dow Jones Newswires
