SoftBank is scaling down its Silicon Valley operations in a move that could signal the end of the company’s quest to acquire T-Mobile, according to Reuters.
The FCC’s AWS-3 auction has rocketed past its $10...
Anite, a provider of wireless equipment testing...
Deutsche Telekom (DT) today announced it is...
Iliad will revise its current bid for T-Mobile and aim for a larger stake in the U.S. carrier, according to Bloomberg. The French mobile provider will still be offering $33 a share but will go after a “significantly larger stake” than the 56.6 percent it originally bid to acquire from T-Mobile majority-owner Deutsche Telekom (DT).
Iliad Chief Financial Officer Thomas Reynaud said the deal could still “evolve” and that his company is currently talking with potential partners, some American, about possibly bidding for an increased stake. Reynaud told reporters that the possible partners were either industrial competitors or private equity firms.
Sprint’s stock has fallen nearly six percent as of 11:15 a.m. CT upon news of the offer. The U.S.’s third largest carrier, owned by Japanese carrier SoftBank, is widely speculated to be putting together a merger bid for T-Mobile that values the carrier at around $32 billion.
Both Bloomberg and the Wall Street Journal peg the price for T-Mobile at around $40 per share. The Bloomberg report said Sprint will offer DT 50 percent cash and 50 percent stock for part of its 67-percent stake in T-Mobile, leaving DT with a 15-percent interest in the U.S.’s fourth largest carrier.
Deutsche Telekom (DT) has reportedly accepted SoftBank’s offer for T-Mobile, according to Kyodo News. Reports surfaced earlier this year suggesting DT wanted an all-cash offer for its 67-percent stake in T-Mobile, valued around $26 billion. If the reports are true, the deal would come less than one year after SoftBank closed its $21.6 billion deal for a majority stake of Sprint.
As Sprint is reportedly moving ahead with its bid for T-Mobile, Deutsche Telekom (DT) is reportedly requesting a more than $1 billion breakup fee should regulators block the merger. DT, which owns 67 percent of T-Mobile, is requesting the lucrative safety as well as seeking assurances that the T-Mobile brand and some of its management team would remain in place following the deal, according to the Wall Street Journal.
IBM and Peugot will integrate and analyze data from cars, phones, traffic signals, lights and other sources to deliver new customized solutions for drivers. Peugot automobiles will now be able to provide drivers with access to numerous channels such as mobile apps, websites, vehicle data, customer service, weather updates.
Xamarin, a provider of mobile application development solutions, today announced a new collaboration with Samsung Electronics Co., Ltd. to enable enterprise developers to integrate Samsung’s mobile security platform, KNOX, into Xamarin mobile applications. This will enable enterprises to deploy and secure Xamarin-based mobile applications on the Samsung KNOX-enabled mobile devices.
Deutsche Telekom CEO Timotheus Hoettges anticipates T-Mobile will have trouble competing with the likes of AT&T and Verizon in the FCC’s upcoming spectrum auctions. Hoettges told the Wall Street Journal that T-Mobile can’t be the “alibi” for an “oligopolistic market in the U.S.” and said that consolidation is the “best option” for getting around that.
In remarks made Thursday to the New York Bar Association, Assistant Attorney General of the Justice Department's Antitrust Division, Bill Baer, said that since the blocking of the proposed merger between AT&T and T-Mobile "competition in the wireless sector has flourished and consumers have benefitted."
T-Mobile CEO John Legere said a merger of his company with the Softbank-held Sprint could put more pressure on what he called the "duopoly" of AT&T and Verizon. Legere told Bloomberg that T-Mobile would eventually need more spectrum and other resources to compete with larger rivals and that merging with Sprint...
With shares of T-Mobile having risen over 25 percent in a little over a month, the fourth largest carrier is becoming less of bargain lately. That said, Sprint has apparently received proposals from multiple banks willing to finance a bid for T-Mobile, according to a report from the Wall Street Journal.
Sprint appears to be moving ahead with a possible offer to buy T-Mobile USA from German operator Deutsche Telekom. According to a report in the Wall Street Journal, Sprint and 80-percent stakeholder Softbank have lined up at least a half dozen banks to provide financing for what could be a $20 billion deal.
Deutsche Telekom and Telematics provider Un-Blinking Technologies (a division of SkyTrace Inc.) have launched a vendor-independent machine-to-machine (M2M) solution for vehicles in the USA based on iCar. This telemetry solution creates an intelligent car with functionality tailored to the needs of both car dealers and their customers.
T-Mobile USA's parent company, Deutsche Telekom (DT), has agreed to acquire GTS Central Europe ("GTS") for $745 million. GTS is an infrastructure-based telecommunications service provider in Central and Eastern Europe, which DT says will allow it to offer pan-European telecommunication services...
Deutsche Telekom (DT) Tuesday filed with the SEC its intention to offer $3.1 billion in T-Mobile USA bonds. The company will offer two series of $1.25 billion each and one of $600 million to make the total amount. The first round of $1.25 billion in senior notes...
Firefox today announced the imminent arrival of the Alcatel One Touch Fire and the ZTE Open, the first two phones running Firefox’s operating system, will be coming soon to Deutsche Telekom (DT) and Telefónica. Telefónica revealed this morning that the ZTE Open will be available starting July 2 and will be priced at 69 euros (approximately $90).
SoftBank 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.
Deutsche 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...
MetroPCS 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.”
After 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.
An 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 (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.
In 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...
The 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.
- Page 1