Deutsche Telekom
Report: SoftBank Could Buy Deutsche Telekom’s Stake in T-Mobile
June 7, 2013 4:33 pm | by Ben Munson | News | CommentsSoftBank might be interested in buying Deutsche Telekom’s (DT) 74-percent stake in T-Mobile USA, if the Japanese carrier’s $20.1 billion bid for Sprint falls through. Reuters is citing three sources familiar with the situation saying that the talks—a continuation of preliminary negotiations between SoftBank and DT that began last year—have recently ramped up in light of Dish’s competing bid of $25.5 billion for Sprint.
T-Mo's Merger with MetroPCS Complete, Now Trading on NYSE
May 1, 2013 9:59 am | by Andrew Berg | News | CommentsDeutsche Telekom today announced the completion of the merger of T-Mobile USA and MetroPCS Communications. T-Mobile will also debut this morning on the New York Stock Exchange under the symbol TMUS. As previously announced, the company's board will have 11 members, including...
Approved: MetroPCS Shareholders OK T-Mobile Merger
April 24, 2013 10:54 am | by Ben Munson | News | CommentsMetroPCS shareholders have voted to approve a merger with T-Mobile. The approval comes after T-Mobile parent company Deutsche Telekom (DT) sweetened the offer by reducing the amount of debt the combined company would shoulder. In a statement, DT CEO René Obermann said “The merger with MetroPCS is extremely important, since it enables us to be more aggressive in the USA.”
MetroPCS’s Biggest Investor Now Backs T-Mobile Merger
April 12, 2013 9:59 am | by Ben Munson | News | CommentsAfter Deutsche Telekom (DT), the parent company of T-Mobile USA, announced yesterday it was sweetening its offer to acquire MetroPCS, Paulson & Co., a hedge fund holding approximately a 9.9 percent share of MetroPCS, has now decided to vote in favor of the merger.
MetroPCS Vote Delayed for Consideration of Deutsche Telekom’s Revised Offer
April 11, 2013 10:42 am | by Ben Munson | News | CommentsAn upcoming special meeting of MetroPCS shareholders has been rescheduled for April 24 in order to give voters a chance to mull over Deutsche Telekom’s (DT) improved terms of the proposed merger of MetroPCS and T-Mobile USA. In a press release, MetroPCS said the decision to postpone the meeting was made mutually between it and DT.
Deutsche Telekom Could Delay Final Tally in T-Mobile, Metro Vote
April 10, 2013 9:51 am | by Ben Munson | News | CommentsDeutsche Telekom (DT) could potentially halt the final tally of the shareholder vote to approve the T-Mobile-MetroPCS merger if things don’t appear to be swinging in its favor. A Bloomberg report is citing people familiar with the matter as saying the delay could provide DT a chance to sweeten its bid.
MetroPCS Responds to ISS Merger Concerns
April 1, 2013 11:21 am | by Andrew Berg | News | CommentsIn a letter to investors, MetroPCS today reiterated its call for shareholders to approve the proposed combination with T-Mobile USA. The letter comes after Institutional Shareholder Services Inc. (ISS), a proxy adviser firm, last week advised MetroPCS...
T-Mobile, MetroPCS Clear Final Regulatory Hurdle
March 21, 2013 9:33 am | by Ben Munson | News | CommentsThe U.S. Committee on Foreign Investment has given its blessing to the proposed merger of T-Mobile and MetroPCS. The deal has now received all necessary regulatory approval. The Committee concluded that there were no “unresolved national security concerns” in respect to the merger.
T-Mobile, MetroPCS Announce Board for Combined Company
March 20, 2013 10:30 am | by Ben Munson | News | CommentsT-Mobile USA and MetroPCS have released a list of the 11 members who will serve on the combined companies’ board of directors upon completion of their proposed merger. Timotheus Höttges, the current CFO of Deutsche Telekom AG, will serve as Chairman. Rene Obermann, who will step down as CEO of DT in December, will also serve on the board.
MetroPCS Urges Shareholders to Follow FCC's Lead and Approve T-Mo Merger
March 12, 2013 2:51 pm | by Andrew Berg | News | CommentsReports that surfaced earlier Tuesday claiming the FCC was nearing a favorable decision on the merger of T-Mobile USA and MetroPCS proved accurate. The FCC Tuesday afternoon issued a declaratory ruling approving the transaction...
More Objections to T-Mo, MetroPCS Deal, but FCC May Be Close to Approval
March 12, 2013 10:17 am | by Andrew Berg | News | CommentsThe FCC may be looking to approve Deutsche Telekom's proposed merger of its T-Mobile USA subsidiary and MetroPCS. According to a filing with the FCC by the Communication Workers of America (CWA), which vehemently opposes the merger, the FCC may be seeking an order...
Deutsche Telekom CEO Obermann to Leave for Ziggo
March 7, 2013 2:07 pm | by Andrew Berg | News | CommentsDeutsche Telekom CEO Rene Obermann is jumping ship to become the CEO of Ziggo, a communications company that provides telephony, data communications and electronic payment systems solutions for small and large business markets. In a statement, Ziggo said its board has agreed...
Paulson to Vote Against T-Mobile-MetroPCS Merger
March 1, 2013 11:05 am | by Ben Munson | News | CommentsPaulson & Co., an investment firm owning a 9.9 percent stake in MetroPCS, has said it will vote against the carrier’s proposed merger with T-Mobile. In a letter to the boards of both MetroPCS and Deutsche Telekom AG, the parent company of T-Mobile, Paulson cited high debt, high interest rates and high equity risks for MetroPCS shareholders as the reasons for its decision to vote no.
Deutsche Telekom CEO Obermann Resigns, CFO Höttges to Succeed
December 21, 2012 8:52 am | by Ben Munson | News | CommentsDeutsche Telekom CEO René Obermann's request for termination of his contract has been approved by the company's board, according to a statement released on its website. As of Dec. 31, 2012, Obermann will no longer serve as CEO and CFO Timotheus Höttges has been tapped to take his place.
T-Mobile Posts Steep Postpaid Losses, Sales Slump
November 8, 2012 6:02 am | by Maisie Ramsay | News | CommentsT-Mobile USA's turnaround plan stumbled during the third quarter as postpaid customers flocked to competitors and sales declined.
Legere Appointed as New T-Mobile CEO
September 19, 2012 6:48 am | by Andrew Berg | News | CommentsDeutsche Telekom on Wednesday announced that it has appointed John Legere as the new CEO of its T-Mobile USA business unit.
DT: T-Mobile Sell-Off ‘Unlikely’
May 24, 2012 7:19 am | by Maisie Ramsay | News | CommentsDeutsche Telekom's CEO has all but ruled out a second attempt to sell off T-Mobile USA to another operator.
T-Mobile USA to Cut 900 More Jobs
May 16, 2012 7:35 am | by Maisie Ramsay | News | CommentsT-Mobile USA is handing pink slips to 900 more employees in its second round of layoffs since March, when its CEO warned that more cuts could be in store.
T-Mobile USA Axing 1,900 Jobs, Closing Call Centers
March 23, 2012 7:10 am | by Maisie Ramsay | News | CommentsT-Mobile USA plans to close seven call centers and lay off 1,900 employees in a cost-cutting move its chief executive says is needed to "invest for growth."
AT & T Hangs Up On T-Mobile Deal
December 20, 2011 6:26 am | by Maisie Ramsay | News | CommentsAT&T decided Monday to walk away from its $39 billion merger with T-Mobile USA after opposition to the deal from the FCC and Justice Department proved insurmountable.
DOJ Questions Viability of AT & T Merger, Seeks Trial Delay
December 9, 2011 8:50 am | by Maisie Ramsay | News | CommentsThe Department of Justice told a judge today it will seek to delay proceedings in its antitrust suit over AT&T's merger with T-Mobile USA after the operator's withdrawal of its FCC application for the transaction left the deal's future in doubt.
Rumor Mill: AT & T, DT Consider Joint Venture
December 1, 2011 7:24 am | by Maisie Ramsay | News | CommentsThe rumor mill was buzzing yesterday with conflicting reports that AT&T was considering forming a joint venture with Deutsche Telekom...
AT & T Getting Out of T-Mo Fee – Or Not?
September 6, 2011 8:21 am | by Maisie Ramsay | News | CommentsConflicting reports have emerged on the multibillion dollar break-up fee AT&T will have to pay Deutsche Telekom...
German, French Phone Firms Plan Purchasing Venture
April 18, 2011 8:33 am | by The Associated Press | News | CommentsDeutsche Telekom AG and France Telecom-Orange say they plan to set up a joint venture for purchasing activities...
Deutsche Telekom Pulls Out of U.S. Stock Market
April 21, 2010 8:10 am | by Maisie Ramsay | News | CommentsT-Mobile USA's parent company says it will stop trading its shares in the United States in late June.
