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Tag: deutsche telekom
Deutsche Telekom Seeks Breakup Fee Of Over $1 Billion On T-Mobile-Sprint Deal: WSJ
2014-05-10 15:45:36| IT Services - Topix.net
D eutsche Telekom AG wants to be compensated by Sprint Corp in the event its planned merger with the German firm's T-Mobile US Inc does not win regulatory approval, the Wall Street Journal reported, citing people familiar with the matter.
Tags: deal
fee
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Deutsche Telekom seeks breakup fee of more than $1 billion on T-Mobile-Sprint deal - WSJ
2014-05-10 08:12:32| Telecom - Topix.net
The company also wants T-mobile's brand and some of its management team to be retained after a merger, the Journal cited the sources as saying.
Tags: deal
fee
deutsche
billion
Deutsche Telekom revenue up 8% in Q1 on US growth
2014-05-08 08:21:00| Telecompaper Headlines
(Telecompaper) Deutsche Telekom reported first-quarter revenue up 8.0 percent year-on-year to EUR 14.9 billion, thanks to strong subscriber growth at T-Mobile US. Adjusted for currency effects and acquisitions, organic revenue growth was 4.2 percent. The growth in the US helped offset a 1.5 percent drop in sales in Germany and 6.5 percent lower revenues in the rest of Europe. The extra costs for growing the US business led to a 3.9 percent fall in adjusted EBITDA to EUR 4.1 billion. Net profit however more than tripled to EUR 1.8 billion, due to a gain on the sale of Scout24. Excluding the sale, net profit was down 23.5 percent to EUR 587 million. The operator's capex was down slightly to EUR 2.1 billion, and free cash flow declined 5.3 percent from a year earlier to EUR 983 million. Net debt was reduced by more than EUR 1 billion compared with the end of 2013 to EUR 38.0 billion. Deutsche Telekom reiterated its guidance for the full year 2014, for adjusted EBITDA around EUR 17.6 billion and free cash flow of EUR 4.2 billion.
Tags: us
growth
deutsche
revenue
Deutsche Telekom launches mobile wallet
2014-05-07 02:00:00| Total Telecom industry news
German incumbent rolls out NFC-enabled MyWallet app, payment card.
Tags: mobile
deutsche
telekom
launches
Deutsche Telekom launches MyWallet contactless payments
2014-05-06 16:46:00| Telecompaper Headlines
(Telecompaper) Deutsche Telekom has announced the launch of the MyWallet app and MyWallet Card to let customers in Germany make purchases with their smartphones. All customers who sign up for mobile payments with the MyWallet Card now will get an introductory bonus of up to EUR 40. MyWallet can be downloaded as a free app from the Google Play Store. Thomas Kiessling, Chief Product & Innovation at Deutsche Telekom, said that it planned to launch mobile payment products internationally later in 2014, including Slovakia in mid-May and Hungary later in the year. In addition to the app and a MyWallet-capable Android smartphone from Deutsche Telekom, customers need an NFC-enabled SIM card to use the digital wallet. Deutsche Telekom customers who already use a suitable smartphone can order the NFC SIM card free of charge.
Tags: deutsche
payments
telekom
launches
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