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Deutsche Telekom reportedly mulls selling its UK Everything Everywhere stake

By oliver18754 on | From webdev101.tk
Following the collapse of its proposed deal to sell T-Mobile USA to AT&T, it seems Deutsche Telekom could sell off its UK interests. According to a report from Bloomberg Business Week , the company is considering the sale of its stake in UK firm Everything Everywhere , which it jointly owns with France Telecom. The German giant planned to use funds from the $39bn AT&T deal to reduce its debt by €13bn ($17bn) and repurchase €5bn of its own shares. It is also looking to fund upgrades to fiber...Read Full Story

Deutsche Telekom Said to Weigh Exit Options for U.K. Venture

By eryckx on | From businessweek.com
Deutsche Telekom AG, Germany’s largest telephone company, is evaluating options for an exit from the U.K. as it seeks to raise cash after failing to sell its T-Mobile USA unit, people with knowledge of the matter said.Read Full Story

Deutsche Telekom Said to Weigh Exit Options for U.K. Venture

By eryckx on | From businessweek.com
Deutsche Telekom AG, Germany’s largest telephone company, is evaluating options for an exit from the U.K. as it seeks to raise cash after failing to sell its T-Mobile USA unit, people with knowledge of the matter said.Read Full Story

Deutsche Telekom Said to Weigh Exit Options for U.K. Venture

By eryckx on | From businessweek.com
Deutsche Telekom AG, Germany’s largest telephone company, is evaluating options for an exit from the U.K. as it seeks to raise cash after failing to sell its T-Mobile USA unit, people with knowledge of the matter said.Read Full Story

AT&T Throws in The Towel on T-Mobile Bid

By Vic Berggren on | From mobilemarketingwatch.com
AT&T is officially withdrawing its plan to acquire carrier T-Mobile. Early Monday evening, The Wall Street Journal confirmed that AT&T is giving up its initial plan as result of insurmountable opposition from federal regulators. As a result, AT&T will pay $3 billion in cash and turn over some of its wireless spectrum to T-Mobile owner Deutsche Telekom AG. This is AT&T’s penalty for falling short of completing the deal. Beyond the hefty payday now in order for T-Mobile, Deutsche Telekom is...Read Full Story
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