Deutsche Telekom retreats to Europe with U.S. sale
LONDON/FRANKFURT (Reuters) – Deutsche Telekom AG (DTEGn.DE: Quote, Profile, Research) said it would focus on organic growth and return cash to shareholders after agreeing the sale of T-Mobile USA to AT&T (T.N: Quote, Profile, Research) for $39 billion (24 billion pounds), lifting its shares to a two-year high.
The deal, which creates a new U.S. industry leader with Deutsche Telekom as an 8 percent shareholder, is the world’s biggest M&A deal this year and Germany’s biggest in a decade. It gives AT&T access to T-Mobile’s spectrum, crucial for expansion.
D.Telekom retrenches with sale of US unit
LONDON/FRANKFURT, March 21 (Reuters) – Deutsche Telekom
(DTEGn.DE: Quote, Profile, Research) said it would focus on organic growth and return cash
to shareholders after agreeing the sale of T-Mobile USA to AT&T
(T.N: Quote, Profile, Research) for $39 billion, lifting its shares to a two-year high.
The agreement, which creates a new U.S. industry leader with
Deutsche Telekom as an 8 percent shareholder, is the biggest M&A
deal worldwide so far this year and Germany’s biggest for a
decade. It is expected to close in the second half of 2012.
D.Telekom retrenches with sale of US unit; share
LONDON/FRANKFURT, March 21 (Reuters) – Deutsche Telekom
(DTEGn.DE: Quote, Profile, Research) said it would focus on organic growth and return cash
to shareholders after agreeing the sale of T-Mobile USA to AT&T
(T.N: Quote, Profile, Research) for $39 billion, lifting its shares to a two-year high.
The agreement, which creates a new U.S. industry leader with
Deutsche Telekom as an 8 percent shareholder, is the biggest M&A
deal worldwide so far this year and Germany’s biggest for a
decade. It is expected to close in the second half of 2012.
D.Telekom retrenches with sale of US unit; shares leap
LONDON/FRANKFURT, March 21 (Reuters) – Deutsche Telekom
(DTEGn.DE: Quote, Profile, Research, Stock Buzz) said it would focus on organic growth and return cash
to shareholders after agreeing the sale of T-Mobile USA to AT&T
(T.N: Quote, Profile, Research, Stock Buzz) for $39 billion, lifting its shares to a two-year high.
The agreement, which creates a new U.S. industry leader with
Deutsche Telekom as an 8 percent shareholder, is the biggest M&A
deal worldwide so far this year and Germany’s biggest for a
decade. It is expected to close in the second half of 2012.
With $39 bln T-Mobile USA buy, AT&T creates industry leader
NEW YORK/FRANKFURT, March 20 (Reuters) – AT&T Inc
plans to pay $39 billion for Deutsche Telekom AG’s
T-Mobile USA to create a new U.S. mobile market leader, but the
pricey purchase is likely to attract intense antitrust scrutiny
over potentially higher customer bills.
The deal gives AT&T, the No. 2 US mobile service often
criticized for its poor network performance, additional capacity
to expand and meet ever increasing demands for videos and data
from devices such as Apple Inc’s iPhone.
AT&T to buy T-Mobile USA
NEW YORK/FRANKFURT (Reuters) – AT&T Inc plans to pay $39 billion to buy Deutsche Telekom AG’s T-Mobile USA in a deal that is expected to attract intense regulatory scrutiny as it creates a new U.S. mobile market leader.
AT&T, the No. 2 U.S. mobile service, is looking to bolster its constrained network against a near insatiable appetite for videos and data from devices such as Apple Inc’s iPhone and iPad users.
AT&T to buy T-Mobile USA, creating industry leader
NEW YORK/FRANKFURT (Reuters) – AT&T Inc struck a $39 billion deal to buy Deutsche Telekom AG’s T-Mobile USA, to create a new U.S. mobile market leader and bolster its constrained network against a near insatiable appetite for videos and data from Apple iPhone and iPad users.
The cash and stock deal, the largest deal this year, will give AT&T, the current No. 2 U.S. mobile carrier, an estimated 43 percent market share of customers in the United States from its current 32 percent, surpassing Verizon Wireless, which holds a 34.5 percent share, according to Tolaga Research estimates.
Vimpelcom claims victory in disputed $6 billion Wind deal
AMSTERDAM/MOSCOW (Reuters) – Vimpelcom (VIP.N: Quote, Profile, Research, Stock Buzz) claimed victory in a long-running battle for control of Wind Telecom as most of its shareholders voted for a deal that will involve it taking on $20 billion of debt and diversifying into new markets.
The more than $6 billion cash-and-shares bid for control of emerging markets specialist Orascom Telecom (ORTE.CA: Quote, Profile, Research, Stock Buzz) and Italian group Wind was backed by 53.3 percent of Vimpelcom’s voting shares, the Russian mobile phone group said on Thursday.
Foreign firms launch Japan evacuation plans
FRANKFURT, March 15 (Reuters) – Foreign firms set up
evacuation plans in Tokyo and parts of northern Japan on Tuesday
in a bid to distance staff from a quake-crippled nuclear plant
while keeping their businesses running.
The planned exodus was already under way for several
companies and involved both expats and Japanese workers. Others
were still monitoring events. Some reported employees were
opting to stay put despite concerns about their safety.
Cable operator Kabel BW unveils IPO plans
FRANKFURT, March 11 (Reuters) – German cable operator Kabel
BW [KBWHL.UL] on Friday unveiled plans to float on the German
stock exchange in the first half, in a further sign of issuer
appetite for IPOs in Europe.
Deutsche Bank (DBKGn.DE: Quote, Profile, Research, Stock Buzz) and JP Morgan (JPM.N: Quote, Profile, Research, Stock Buzz) are joint
global coordinators for the initial public offering (IPO). BofA
Merrill Lynch (BAC.N: Quote, Profile, Research, Stock Buzz) and Royal Bank of Scotland (RBS.L: Quote, Profile, Research, Stock Buzz) will
act as joint bookrunners.

