Deutsche Telekom is looking into an initial public offering that could lead to spinning off T-Mobile USA, according to a report in The Wall Street Journal Thursday afternoon.
The newspaper reported that the German phone company has held talks with banks about underwriting the IPO. Unnamed sources in the story said the proceeds from the offer could be used to spin off the wireless carrier or fund its expansion in the U.S. market. The company is expected to decide over the next couple of months if it will have an IPO and how it would spend the cash.
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