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Deutsche Telekom is reportedly considering a merger with T-Mobile US, a move that could create the largest telecom in the world.

By Brad Randall, Broadband Communities

A report by Bloomberg says Deutsche Telekom is considering a merger with T-Mobile US.

The report cites people familiar with the deal as confirming that early-stage talks have begun regarding the creation of a holding company that would make bids for shares from both publicly traded companies.

Currently, Deutsche Telekom holds a majority stake (53%) in T-Mobile US.

Their involvement with T-Mobile US stretches back decades.

Bloomberg also reports that successful discussions may be contingent on commitments to maintain operations in Germany.

According to Bloomberg, the theoretical deal, if it gained regulatory approval, would set a record for the largest public M&A and simultaneously create the world’s largest telecom.

Yahoo! has reported that the deal could create a telecom with a market value approaching $300 billion, though they also point out that Berlin will hold influence over any future decisions.

Currently, Deutsche Telekom is 28% held by state lender KfW and the German government, Yahoo! reported.

Thus far, both companies have declined opportunities to comment on the reports.

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