New Securities Issues
2010-03-10 05:26:06
Quote: Terms: Maturity: March 16, 2020; coupon: 4.50%; reoffer: 99.779; date: March 16, 2010; spread: eight basis points more than midswaps; yield: 4.528%; debt ratings: single-A-minus (S&P), A+ (Fitch Ratings); denominations: €50,000; €1,000; listing: Luxembourg; interest: annual.
Banca Popolare di Vicenza—€500 million bond issue was priced with the following terms, lead managers Barclays Capital and Royal Bank of Scotland said Tuesday: Maturity: March 15, 2013; coupon: 110...
Read articleOrange T-Mobile UK Deal Set for EU Nod
2010-03-02 06:24:24
Keywords: Orange, France Telecom, T-Mobile, Deutsche Telekom, UK, U.K., Britain, telecommunications, mobile service, wireless operators, carriers, Orange T-Mobile merger, Hutchison Whampoa, 3, O2, iPhone, Apple, European Commission, merger approvals, competition
Quote: Orange T-Mobile UK Deal Set for EU NodA long-awaited merger between the British mobile units of France Telecom and Deutsche Telekom looks likely to get the green light after spectrum concessions
By
Nick Clark
FTEDT) on Monday after accepting the latest concessions offered by the mobile phone operators.
The news emerged as the two companies reported strong sales over Christmas yesterday. Sources close to the UK merger Thursday said they had become "quietly confident" of European Commission appr...
Read article[$$] EU Conditionally Clears T-Mobile, Orange Venture
2010-03-02 06:24:23
Quote: BY PEPPI KIVINIEMI LONDON--The European Commission on Monday gave the green light to Deutsche Telekom AG's and France Télécom SA's mobile joint venture in the U.K., provided that the companies divest radio spectrum and continue to share a mobile network with a competitor. The clearance of the joint venture, which will create U.K.'s largest mobile operator by market share, is conditional upon an amendment to ensure that Hutchison Whampoa Ltd.'s 3UK will have continued access to Deutsch...
Read article[$$] Charges Weigh on France Télécom's Net
2010-02-26 07:11:58
Quote: BY RUTH BENDERAND ARCHIBALD PREUSCHATFrance Telecom SA and Deutsche Telekom AG, which are poised to bring together their U.K. operations in a joint venture, Thursday continued their focus on cash flow and stable shareholder returns, even as the fallout from the economic crisis continued to weigh on their operations. European telecommunications companies have been under pressure amid slowing growth in Europe, increased competition, price regulation and the effects of the wider economic downturn...
Read article[$$] Deutsche Telekom Issues Cautious Outlook
2010-02-26 07:11:58
Quote: BY ARCHIBALD PREUSCHAT BONN—Deutsche Telekom AG said Thursday it reduced its net loss in the fourth quarter on lower charges and write-downs but gave a weaker outlook for 2010 compared with the prior year, citing current economic uncertainty. The net loss for the quarter ended Dec. 31 was €3 million ($4.1 million) compared with a net loss of €730 million in the prior year. Deutsche Telekom's fourth-quarter bottom line was hit by a €900 million impairment on its South an...
Read articleTough periods for Deutsche Telecom, France Telecom
2010-02-26 07:11:57
Keywords: Industries|Tech, DTE, Deutsche Telekom, DT, Deutsche Telekom AG, DT, Deutsche Telekom AG, VZ, Verizon Communications Inc, VOD, Vodafone Group, VOD, Vodafone Group PLC, S, Sprint Nextel Corp, FTE, France Telecom, FTE, France Telecom, FTE, France Telecom
Quote: Plus: What the deal says about Chinese cross-border M&A.At the operating level, the results were no big surprise as Deutsche Telekom had confirmed in January that 2009 results would meet the lower end of its forecast for earnings before interest, taxes, depreciation and amortization of 20.6 billion euros.Sales for the quarter inched 0.6% higher to 16.2 billion euros. The operator had previously cautioned that results in the second half suffered from weakness in the value of the euro against the ...
Read articleFull Year 2009 Deutsche Telekom Earnings Release - Time Not Supplied
2010-02-25 07:29:21
Quote: Read articleOrange and T-Mobile Deal Said to Near Approval
2010-02-22 09:04:35
Keywords: Mergers & Acquisitions, Investment Banking, I PO, I.P.O.s, IPOs, Offerings, Private Equity, Hedge Funds, Venture Capital, Legal, The New York Times, Andrew Ross Sorkin, Andrew Sorkin, DealBook, deal maker, Wall street, wall st., Goldman Sachs, Goldman Sa
Quote: European regulators are set to approve a plan to combine France Telecom’s Orange and Deutsche Telekom’s T-Mobile as early as this week, creating Britain’s largest mobile operator, newspapers reported.
saidEuropean Commissionreported.
The Telegraph said after concessions from the two operators, including the offer to release some radio spectrum in the United Kingdom, both the OFT and Ofcom had signalled to the Commission they would not push for a U.K.-based inquiry.
The Telegrap...
Read article[$$] T-Mobile, Orange Offer Concessions for Venture
2010-02-18 06:25:44
Quote: BY PEPPI KIVINIEMI BRUSSELS—Deutsche Telekom AG and France Télécom SA have offered to sell off part of their combined radio spectrum and to provide some network-sharing guarantees to allay competition concerns over their U.K. mobile joint venture, a person familiar with the situation said Wednesday. Offering big enough remedies to get the European Commission's antitrust clearance would be preferable to facing a lengthy antitrust probe by U.K. regulators, people familiar with the...
Read articleTough competition hurts Sprint Nextel
2010-02-16 03:50:39
Keywords: Company_News,Competition,Interim_Results,Results,Deutsche_Telekom_AG,Sprint_Nextel_Corp,Cellco_Partnership,T-Mobile_International_AG,T-Mobile_USA_Inc
Quote: Shares in Sprint Nextel fell by 8 per cent early trading on Wednesday after the third largest US mobile network operator said it had lost another 504,000 customers who pay monthly bills in the fourth quarter, and reported results that highlighted the fierce competition in the US wireless market.Dan Hesse, Sprint’s chief executive, acknowledged the company was having a tougher time competing with Verizon Wireless and AT&T, its larger rivals, as well as with T-Mobile USA, owned by Deuts...
Read articleT-Mobile's UK Head Confronts Challenges
2010-02-15 04:52:08
Keywords: T-Mobile UK, Deutsche Telekom, Orange, France Telecom, Vodafone, O2, Telefonica, mobile networks, mobile operators, mobile providers, network sharing, Britain, UK, U.K., Richard Moat, Office of Fair Trading, European Commission, Mobile World Congress
Quote: What he found at T-Mobile was a firm in disarray, and a problem for its parent company Deutsche Telekom. "T-Mobile had been without a chief executive since the end of 2008, so there was a bit of a vacuum. I wanted to bring more focus to the business."
Mr Moat launched a major cost-saving drive – he slashed indirect charges by 21 per cent – and made the products more appealing. The firm recently changed its tariff structure, which included simplifying the options to help &...
Read article[$$] Sprint-MetroPCS May Be a Good Fit
2010-02-11 02:09:25
Quote: This time we believe it is isolated to the value-based segment of the market and could include T-Mobile USA [a unit of Deutsche Telekom (ticker: DT)], MetroPCS Communications (PCS), Leap Wireless International (LEAP) and Sprint Nextel (S). It is our opinion that of all the possible combinations, the merger of Sprint Nextel with that of MetroPCS remains the most likely. We believe it helps Sprint continue to consolidate its position in the increasingly competitive prepaid marketplace in densely ...
Read articleDeutsche Telekom's Limited Options for T-Mobile
2010-02-08 04:43:17
Keywords: Deutsche Telekom, T-Mobile USA, IPO, mergers & acquisitions, Leap Wireless, MetroPCS, Sprint Nextel, Verizon Wireless, AT&T
Quote: Deutsche Telekom's Limited Options for T-MobileDT is said to be mulling a public offering for market-lagging T-Mobile USA, but demand for shares seems weak and any merger faces obstacles
By
Olga Kharif
DT) is said to be considering strategic options for its troubled U.S. unit. The company may find its choices limited amid heightened competition in the wireless industry and tepid demand among investors. The German telecommunications provider is considering an initial public offering for T-Mobile...
Read articleWeak Jobs Data: Friday's Headlines
2010-02-08 04:43:17
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Robert Holmes ,Market Features
Quote: T-Mobile USA Reportedly May Be Spun Off -- Deutsche Telekom (DT Quote) is weighing an initial public offering or spinoff of T-Mobile USA, the fourth-largest U.S. wireless provider, according to a report in The Wall Street Journal. Deutsche Telekom recently has held discussions with several banks, including Deutsche Bank, about underwriting an IPO for the unit, sources told the paper. According to these people, the most likely scenario for Deutsche Telecom would be to sell about 20% of the divisi...
Read articleDeutsche Telekom and Investors: Stuck Together?
2010-02-08 04:43:16
Keywords: Mergers & Acquisitions, Investment Banking, I PO, I.P.O.s, IPOs, Offerings, Private Equity, Hedge Funds, Venture Capital, Legal, The New York Times, Andrew Ross Sorkin, Andrew Sorkin, DealBook, deal maker, Wall street, wall st., Goldman Sachs, Goldman Sa
Quote: Deutsche Telekom’s foray into the United States has been costly for shareholders, Breakingviews says. Its T-Mobile USA unit ranks a distant fourth in the cellphone market. Its network needs upgrading and its reach remains limited.
But none of the solutions — an initial public offering, a spinoff or merging with a rival — looks likely to deliver immediate value, the publication says. Deutsche Telekom shareholders like the private equity firm the Blackstone Group are likely t...
Read articleDeutsche Telekom mulls IPO for T-Mobile USA
2010-02-05 05:59:58
Keywords: Industries|Tech, DT, Deutsche Telekom AG, VZ, Verizon Communications Inc, S, Sprint Nextel Corp, LEAP, Leap Wireless International Inc, PCS, MetroPCS Communications Inc, T, AT&T Inc
Quote: The company would need to spend billions more to acquire additional spectrum and beef up its network in order to catch up to AT&T/quotes/comstock/13*!t/quotes/nls/t(T25.03,-0.55,-2.15%) and Verizon.3G is especially important because it attracts the most profitable mobile customers -- those who sign up for annual plans and are willing to pay extra each month for a data service."How can they compete effectively in this hyper-competitive market with the network that they have," asked Jane Zweig...
Read articleT-Mobile USA Reportedly May Be Spun Off
2010-02-05 05:59:57
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, TheStreet Staff ,Telecom
Quote: BONN, Germany (TheStreet) -- Deutsche Telekom(DT Quote) is weighing an initial public offering or spinoff of T-Mobile USA, the fourth-largest U.S. wireless provider, a report says.Deutsche Telekom recently has held discussions with several banks, including Deutsche BankWall Street Journal.According to these people, the most likely scenario for Deutsche Telecom would be to sell about 20% of the division to investors and retain the rest.Journal's sources added, since it would face regulatory and ...
Read article[$$] T-Mobile USA's Owner Weighs IPO
2010-02-05 05:59:57
Quote: T-Mobile's parent, German giant Deutsche Telekom AG, has recently held discussions with a number of banks, including Deutsche Bank AG, about underwriting an IPO for the unit, according to people familiar with the matter. Other options under consideration, these people said, include a partial spinoff of the business, which would carve it into a separate entity with its own balance .........
Read articleBritain Wants a Say in E.U. Mobile Merger
2010-02-04 03:55:37
Keywords: Mergers & Acquisitions, Investment Banking, I PO, I.P.O.s, IPOs, Offerings, Private Equity, Hedge Funds, Venture Capital, Legal, The New York Times, Andrew Ross Sorkin, Andrew Sorkin, DealBook, deal maker, Wall street, wall st., Goldman Sachs, Goldman Sa
Quote: arms of France Telecom’s Orange and Deutsche Telekom’s T-Mobile, raising prospects of at least a delay to any deal, Reuters reported.
The Office of Fair Trading said on Wednesday that it had asked the European Commission to let it examine the deal because the proposal “threatens significantly to affect competition in mobile telecommunications in the U.K.”
T-Mobile and Orange agreed in November to form a 50-50 venture that would become the market leader with a share of abo...
Read articleU.K. asks for review of Orange deal with T-Mobile
2010-02-04 03:55:37
Keywords: Industries|Tech, DTE, Deutsche Telekom, DT, Deutsche Telekom AG, FTE, France Telecom, TEF, Telefonica Sa, VOD, Vodafone Group, VOD, Vodafone Group PLC
Quote: authorities the right to investigate under certain circumstances.Shares in Deutsche Telekom edged up 0.4% on the German Xetra market as France Telecom rose 0.5% on the Euronext Paris exchange.A combination of T-Mobile and Orange would cut the number of major operators in the U.K. mobile phone market to just three. The joint venture would also leapfrog Telefonica's/quotes/comstock/06x!stef(ES:TEF17.50,0.00,0.00%) O2 and Vodafone Group/quotes/comstock/23s!a:vod(UK:VOD140.95,+6.45,+4.80%)/quotes/co...
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