East Coast Tech Correspondent
Nicola's Feed
Mar 21, 2011

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.

Mar 20, 2011

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.

Mar 17, 2011

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.

Mar 15, 2011

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.

Mar 11, 2011

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.

Mar 8, 2011

Deutsche Telekom keeps options open for U.S.

FRANKFURT/NEW YORK, March 8 (Reuters) – Deutsche Telekom AG
(DTEGn.DE: Quote, Profile, Research, Stock Buzz) is keeping its options open for a T-Mobile USA deal,
but the German operator has no clear path to catch up to far
larger rivals in the United States.

The company has made no secret of the fact that it has held
talks with smaller companies such as Clearwire Corp (CLWR.O: Quote, Profile, Research, Stock Buzz)
and Harbinger-backed start-up LightSquared about a potential
spectrum deal with its U.S. operation, T-Mobile USA.

Mar 3, 2011

ProSieben ups payout on 2011 profit growth outlook

MUNICH, March 3 (Reuters) – German commercial broadcaster
ProSiebenSat.1 (PSMG_p.DE: Quote, Profile, Research, Stock Buzz) set out plans to raise its dividend
as it bets on growth across all its divisions to boost results
this year above a strong 2010 performance.

“After having paid only the minimum dividend to preference
shareholders in the last two years, we intend to resume our
earnings-related dividend distribution policy,” Chief Financial
Officer Axel Salzmann said in a statement on Thursday.

Mar 2, 2011

Springer’s outlook seen too vague, shares drop

FRANKFURT/BERLIN (Reuters) – Axel Springer AG (SPRGn.DE: Quote, Profile, Research, Stock Buzz) posted results that fell short of expectations on Wednesday and gave an outlook that analysts said was too vague and too cautious, sending its shares down some 10 percent.

Chief Financial Officer Lothar Lanz told reporters core profit at the publisher of Germany’s best-selling tabloid Bild would increase in a double-digit percentage range this year, but gave no actual figures.

Mar 1, 2011

Springer rebuffs talk of ProSieben takeover interest

FRANKFURT, March 1 (Reuters) – Germany’s Axel Springer
(SPRGn.DE: Quote, Profile, Research, Stock Buzz), which attempted to buy ProSiebenSat.1 (PSMG_p.DE: Quote, Profile, Research, Stock Buzz) in
2005, rebutted a media report saying it was in talks with the
owners of the German broadcaster about taking a stake in it.

“Reports of interest in ProSiebenSat.1 are pure
speculation,” a spokeswoman said on Tuesday, adding publisher
Axel Springer did not plan to take over ProSieben and was not in
talks with the owners, private equity firms KKR [KKR.UL] and
Permira [PERM.UL].

Feb 25, 2011

D.Telekom echoes peers with tepid 2011 outlook

FRANKFURT, Feb 25 (Reuters) – Deutsche Telekom (DTEGn.DE: Quote, Profile, Research, Stock Buzz)
expects a year of stagnant earnings, joining the league of major
European telecom operators struggling to defend their dominance
on home turf.

“We have battled through the headwind caused by the economic
environment, special taxes in several countries and stiff
competition,” Chief Executive Rene Obermann said in a statement
on Friday.