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Deutsche Telekom close to deal for Slovak Telekom - report
2015-05-13 17:50:00| Telecompaper Headlines
(Telecompaper) Deutsche Telekom is close to a deal to buy the rest of Slovak Telekom after it offered the local government about EUR 900 million, three people familiar with the matter told Bloomberg. The German company, which bought 51 percent of Slovak Telekom in 2000, is in talks to pick up the 49-percent the Slovak government had planned to sell in an initial public offering. The buyout would include locking EUR 100 million in an escrow account until pending legal disputes are settled, the report said. The cabinet of Prime Minister Robert Fico put aside the planned IPO after it got a better offer from an undisclosed strategic investor, Finance Minister Peter Kazimir said earlier this month. This is thought to be Deutsche Telekom, which is likely willing to pay a premium to gain control of the company.
Tags: report
close
deal
deutsche
Deutsche Telekom maintains outlook after solid Q1
2015-05-13 08:34:00| Telecompaper Headlines
(Telecompaper) Deutsche Telekom reported first-quarter net revenue up 13.1 percent year-on-year to EUR 16.8 billion, while adjusted EBITDA increased 11.0 percent to EUR 4.6 billion. Excluding exchange rate effects, particularly the stronger US dollar, and changes in scope, revenues rose 4.7 percent and EBITDA was up 5.6 percent, driven by the improved performance at T-Mobile US. Revenues rose 1.9 percent in Germany and 36.1 percent in the US, but fell 0.6 percent in the rest of Europe and were down 2.5 percent at the Systems Solutions unit. Net profit fell to EUR 787 million from EUR 1.817 billion a year ago when the company realised a profit of EUR 1.7 billion on the sale of its stake in Scout. Capital expenditure, excluding spectrum licences, rose 22.5 percent compared to a year ago to EUR 2.5 billion, driven by a sharp increase in Germany to EUR 950 million. As a result, free cash flow fell 12 percent to EUR 0.9 billion. Based on the solid Q1 results and constant exchange rates, DT confirmed its guidance for the full year for adjusted EBITDA around EUR 18.3 billion and free cash flow at EUR 4.3 billion.
Tags: solid
deutsche
outlook
maintains
Deutsche Telekom CEO 'not afraid' of Liberty Global network plan
2015-05-13 02:00:00| Total Telecom industry news
Tim Hoettges welcomes alternative broadband infrastructure investment in Germany, presents strong Q1 results.
Tags: plan
network
global
deutsche
Deutsche Telekom said to offer 900m for Slovak Telekom
2015-05-13 02:00:00| Total Telecom industry news
Slovak government will discuss German incumbent's bid in the coming days, according to media report.
Tags: offer
deutsche
telekom
slovak
Slovak Telekom IPO canned after alleged Deutsche Telekom bid
2015-05-08 02:00:00| Total Telecom industry news
Government reportedly receives better offer from German incumbent.
Tags: bid
deutsche
alleged
telekom
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