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Deutsche Telekom Said Open to T-Mobile Talks at $35 a Share

2014-08-28 20:39:30| Telecom - Topix.net

Deutsche Telekom AG is willing to negotiate a sale of its T-Mobile US Inc. unit, the fourth- largest wireless carrier in the U.S., if an offer values the business at $35 a share or more, according to a person with knowledge of the matter.

Tags: open share deutsche talks

Deutsche Telekom adds 124,000 TV customers in 2Q 2014

2014-08-07 19:20:43| Digital TV News

Deutsche Telekom (Frankfurt: DTE)(NYSE:DT) has released its second quarter 2014 results report. The company added 63 thousand TV customers in Germany during the quarter whilst in the same period its other European businesses gained 61 thousand TV customers.

Tags: customers deutsche adds telekom

Deutsche Telekom CEO rules out Iliad bid for T-Mobile

2014-08-07 15:01:00| Telecompaper Headlines

(Telecompaper) Deutsche Telekom has rejected the offer from France's Iliad to acquire T-Mobile US. Deutsche Telekom CEO Tim Hoettges said in a conference call on the company's quarterly results that Iliad's offer did not meet the group's criteria for selling the US subsidiary, Reuters reports. "We have always said that we would be open to offers for T-Mobile US which would improve its position and that of its shareholders," Hoettges said. "At the moment, we don't have an offer which fits those criteria." This appears to rule out Iliad's offer, while Sprint earlier indicated that it was no longer interested in consolidation with T-Mobile. A person close to Iliad told Reuters that the French company would weigh whether to improve its USD 33 per share bid for 56.6 percent of T-Mobile US, but that it first wanted to talk to the German company to learn more about its expectations. Much would depend on whether another bidder emerges, the person said, and whether Iliad can convince Deutsche Telekom of its ability to run T-Mobile in a more cost efficient way. Hoettges said T-Mobile would look for regulatory support if it could not agree a merger. "In the US we have the situation that the two largest operators take more than 100 percent of the cash flow in the market," he said. "If consolidation is not desired, regulators should help to improve the position of smaller operators." The CEO underlined that T-Mobile was still growing strongly on its own and none of the offers for the company "give better growth perspectives than we currently have."

Tags: rules bid deutsche ceo

Deutsche Telekom maintains outlook on stable Q2 results

2014-08-07 08:37:00| Telecompaper Headlines

(Telecompaper) Deutsche Telekom reported second-quarter revenue down 0.3 percent year-on-year to EUR 15.11 billion, while adjusted EBITDA rose 0.3 percent to EUR 4.42 billion. The company's EBITDA margin improved to 29.3 percent from 29.1 a year ago. Net profit increased by 34.2 percent to EUR 711 million, helped by a gain from the spectrum swap with Verizon in the US. Excluding one-time items, net profit declined 21.5 percent to EUR 636 million, due to increased depreciation and amortization after the MetroPCS takeover and the investment drive in the US. Overall, DT increased capital expenditure by 6.2 percent to EUR 2.20 billion in Q2, led by a 58 percent increase in Germany to EUR 1 billion. Free cash flow was down 5.4 percent to EUR 1.05 billion. The company said it's strategy of investing in networks to gain customers was starting to pay off and also grow revenues. Deutsche Telekom confirmed its guidance for the full year 2014, with adjusted EBITDA flat at around EUR 17.6 billion and free cash flow lower at EUR 4.2 billion.

Tags: results deutsche stable outlook