East Coast Tech Correspondent
Nicola's Feed
Apr 26, 2011

Alcatel to meet buyers for enterprise biz -sources

FRANKFURT/NEW YORK, April 26 (Reuters) – Alcatel-Lucent
(ALUA.PA: Quote, Profile, Research, Stock Buzz) is holding meetings in San Francisco this week with
prospective suitors to scout out buyout interest in its $1
billion plus enterprise business, several people familiar with
the matter said.

A slew of private equity firms are expected to be among the
potential buyers taking meetings with the telecom equipment
maker, the sources said.

Apr 20, 2011

ProSieben sells Dutch, Belgian ops for $1.8 billion

FRANKFURT, April 20 (Reuters) – German broadcaster ProSieben
(PSMG_p.DE: Quote, Profile, Research, Stock Buzz) has sold its Belgian and Dutch assets for 1.23
billion euros ($1.8 billion), allowing it to pay down debt ahead
of a possible exit by its owners.

ProSieben, owned by private equity firms KKR [KKR.UL] and
Permira [PERM.UL], said on Wednesday it had sold its TV and
radio channels as well as its print business to consortia led by
Finnish media group Sanoma (SAA1V.HE: Quote, Profile, Research, Stock Buzz).

Apr 5, 2011

Telecom empire building takes back seat

LONDON (Reuters) – With the days of planting flags across the globe long gone, western European telecoms are unlikely to rush to merge even as deep-pocketed emerging market rivals entertain deals at the edges of their territory.

Deutsche Telekom’s (DTEGn.DE: Quote, Profile, Research, Stock Buzz) $39 billion exit from the United States has intensified scrutiny on whether Europe, a market of roughly the same size, has too many operators, bankers said at the Reuters Global Mergers and Acquisitions Summit on Tuesday.

Mar 22, 2011

Sale of KBW all rewards, no risk for Sweden’s EQT

LONDON/FRANKFURT, March 22 (Reuters) – Swedish buyout house
EQT reaps the rewards and none of the risk from its planned sale
of German cable group KBW to Liberty Global (LBTYA.O: Quote, Profile, Research, Stock Buzz), even if
regulators take their time in scrutinising the deal.

Liberty, the U.S. cable firm led by media mogul John Malone,
is seeking to add Germany’s number-three cable group Kabel Baden
Wuerttemberg to Unitymedia, the country’s number two player that
it already owns. [ID:nLDE72K0NJ]

Mar 21, 2011

Ending Telekom’s U.S. odyssey earns Obermann praise

FRANKFURT (Reuters) – Rene Obermann can finally bask in rare praise, after more than five years trying to get investors on his side.

Obermann’s decision to draw a line under Deutsche Telekom’s global ambitions by selling T-Mobile USA — a quarter of the company — to U.S. operator AT&T for $39 billion appears to have redefined external perceptions of him overnight.

Mar 21, 2011

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.

Mar 21, 2011

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.

Mar 21, 2011

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.

Mar 21, 2011

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.

Mar 21, 2011

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.