Key Developments: Deutsche Telekom AG (DTEGn.DE)

DTEGn.DE on Xetra

11.11EUR
15 Aug 2014
Price Change (% chg)

€-0.13 (-1.16%)
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€11.24
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€11.21
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€11.43
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€11.08
Volume
11,552,377
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€13.15
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€10.06

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Latest Key Developments (Source: Significant Developments)

Deutsche Telekom AG Considers Eastern Europe Deal-WSJ
Monday, 27 May 2013 07:45am EDT 

The Wall Street Journal reported that Deutsche Telekom AG is considering two transactions in Eastern Europe to strengthen its position in the region. The Company is in talks to take over GTS Central Europe for about EUR600 million ($775.9 million), people familiar with the transaction said. GTS, based in Warsaw, is a broadband optical and IP network provider and voice and data communications service owned by financial investors Columbia Capital, M/C Venture Partners, Innova Capital, HarbourVest Partners, Oak Investment Partners and Bessemer Venture Partners.  Full Article

Deutsche Telekom AG Reaffirms FY 2013 EBITDA Guidance
Wednesday, 8 May 2013 02:38am EDT 

Deutsche Telekom AG announced that it has reaffirmed its EBITDA guidance for fiscal year 2013. The Company expects for fiscal year 2013 EBITDA of EUR 17.4 billion. According to I/B/E/S Estimates, the analysts are on average expecting the Company to report for fiscal year 2013 EBITDA of EUR 17.47052 billion.  Full Article

Metropcs Communications Inc Urges Shareholders To Vote For Amended Deutsche Telekom AG's T-Mobile Deal-DJ
Monday, 15 Apr 2013 08:11am EDT 

Dow Jones reported that Metropcs Communications Inc amended the terms for its proposed merger with Deutsche Telekom AG unit T-Mobile USA, and asked shareholders to vote for the deal. The move follows Deutsche Telekom sweetening its offer last Wednesday, bowing to pressure from activists and proxy advisory firms. The amendment significantly improves the value of the proposed combination for shareholders. The new terms include reducing the combined company debt by $3.8 billion to $11.2 billion and lowering the interest rate on the debt by 50 basis points. As a part of its sweetened offer, Deutsche Telekom has expanded the lock-up period, when it is prohibited from publicly selling shares in the Company, by 12 months to 18 months.  Full Article

Deutsche Telekom AG Sweetens MetroPCS Communications, Inc. Deal, Cuts Debt Load-Reuters
Wednesday, 10 Apr 2013 09:27pm EDT 

Reuters reported that Deutsche Telekom AG sweetened its terms on Wednesday for the proposed merger between T-Mobile USA and MetroPCS Communications, Inc. by reducing the combined company's debt, bowing to pressure from activists and proxy advisory firms. Deutsche Telekom, the parent of T-Mobile USA, said it would reduce the debt burden for the combined company by $3.8 billion and lower the interest rate on the debt by 50 basis points. The new terms increase the odds of success for a deal that is aimed at giving T-Mobile USA badly needed spectrum to build a network capable of handling the vast data volumes that U.S. consumers and businesses use on smartphones.  Full Article

Deutsche Telekom AG Denies Report On Considering Higher Bid For Metropcs Communications Inc-DJ
Thursday, 4 Apr 2013 10:48am EDT 

Dow Jones reported that Deutsche Telekom AG on Thursday denied a report that said it's considering a higher bid for Metropcs Communications Inc, which it aims to merge with its U.S. wireless business T-Mobile USA. Deutsche Telekom spokesman Philipp Kornstadt denied a Reuters report on Thursday that the Company is considering sweetening the terms but that a final decision had not yet been made. MetroPCS shareholders are set to vote on the transaction April 12. Proxy advisory firms, including Glass Lewis & Co. and Institutional Shareholder Services Inc., have recommended MetroPCS shareholders reject the deal, as they consider the terms unfavorable for shareholders.  Full Article

Deutsche Telekom AG Considering New MetroPCS Deal Terms-Reuters
Thursday, 4 Apr 2013 10:00am EDT 

Reuters reported that Deutsche Telekom AG is considering amending the terms of a proposed merger of its T-Mobile USA business and Metropcs Communications Inc ahead of a shareholder vote next week. Deutsche Telekom has not yet made a final decision on the new terms. MetroPCS agreed the deal in October but Deutsche Telekom is now being forced to find ways to charm MetroPCS shareholders after activist investors holding about 12% of MetroPCS stock contested the terms. They are campaigning for others to help vote down the deal on April 12. Deutsche Telekom needs a simple majority of shareholders for the deal to pass.  Full Article

France Telecom SA, Deutsche Telekom AG Line Up Banks For EE Market Listing-Reuters
Thursday, 4 Apr 2013 05:25am EDT 

Reuters reported that France Telecom SA has chosen Morgan Stanley and Bank of America Merrill Lynch to advise it on a potential initial public offering (IPO) of EE. Deutsche Telekom AG is expected to hire JP Morgan for the sale, since the bank advised it in 2009 when the 50-50 joint venture (JV) with France Telecom was formed. Private equity groups, including U.S.-based KKR and Europe's CVC Capital Partners, have also been sounding out banks to raise money to mount a potential GBP9 billion to GBP10 billion ($14 billion to $15 billion) buyout of EE.  Full Article

Metropcs Communications Inc Promotes Deutsche Telekom AG's T-Mobile Deal After Advisers Pan It-Reuters
Monday, 1 Apr 2013 06:01pm EDT 

Reuters reported that Metropcs Communications Inc urged shareholders to support its proposed merger with Deutsche Telekom AG's unit T-Mobile USA after two proxy advisory firms recommended that shareholders vote against it. Proxy advisers Glass Lewis and ISS have backed efforts by two key activist investors to block the deal by recommending that shareholders vote against it at a special meeting on April 12.  Full Article

Proxy Firms Pile On Pressure For Better Metropcs Communications Inc-Deutsche Telekom AG's T-Mobile Deal-Reuters
Friday, 29 Mar 2013 04:57pm EDT 

Reuters reported that proxy advisor Glass Lewis on Friday became the second firm to suggest that Metropcs Communications Inc shareholders vote against a proposed merger with T-Mobile USA, adding pressure on Deutsche Telekom AG to sweeten the deal. The move by the firm Glass Lewis backs efforts by two key activist investors to block the deal, the day after leading proxy firm ISS said shareholders should vote against the deal with T-Mobile USA, the U.S. business of Deutsche Telekom. If the deal collapses, it would be a huge blow for Deutsche Telekom after being forced in 2011 to abandon its plan to sell T-Mobile USA to AT&T for $39 billion amid regulator opposition. The failure of that 2011 plan cost T-Mobile USA some customers as the company focused away from its core business.  Full Article

Deutsche Telekom AG Steps Up Battle To Secure Metropcs Communications Inc Merger-Reuters
Monday, 25 Mar 2013 02:21pm EDT 

Reuters reported that Deutsche Telekom AG is on a final charm offensive to win over Metropcs Communications Inc shareholders to a merger with its U.S. business, which it needs to close the gap with bigger U.S. rivals and free up resources to invest in Germany. While MetroPCS agreed the deal in October, activist shareholders holding about 12% of its stock contest the terms and are campaigning for others to help vote it down.  Full Article

UK telecoms market poised for more converged services, says EE director

LONDON/PARIS/FRANKFURT - EE, Britain's largest mobile network operator, is braced for the increasing convergence of mobile and fixed-line services in the UK market next year and the pace of consolidation is likely to pick up, Gervais Pellissier, a lead director of EE, said on Thursday.

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