|Bid||15.36 x 910400|
|Ask||15.37 x 288200|
|Day's Range||15.31 - 15.41|
|52 Week Range||13.07 - 15.88|
|Beta (3Y Monthly)||0.28|
|PE Ratio (TTM)||35.22|
|Earnings Date||Aug 8, 2019|
|Forward Dividend & Yield||0.70 (4.63%)|
|1y Target Est||17.40|
Germany’s auction for 5G spectrum came to an end on Wednesday, after raising close to €6.6bn in a hard-fought bidding battle between groups including Deutsche Telekom and Vodafone that lasted 52 days. The four successful bidders are Deutsche Telekom, which spent €2.2bn, Vodafone (€1.9bn), Telefónica (€1.4bn) and Drillisch (€1.1bn). Deutsche Telekom voiced relief that the auction was over, but criticised the high price the German group had been forced to pay.
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Amber Capital is making a fresh attempt to improve corporate governance at Greece’s largest telecoms operator OTE, in which Deutsche Telekom holds a controlling stake. hedge fund will propose Alberto Horcajo, a former chief executive at Telefónica Brasil, to take over as an independent non-executive deputy chairman and board member at OTE’s annual shareholders’ meeting on Wednesday. Mr Horcajo’s candidacy is backed by Institutional Shareholder Services, a leading proxy adviser.
IBM has withdrawn an application for anti-trust approval for a mainframe computing venture with T-Systems, the IT services arm of Deutsche Telekom , after the German cartel office made a critical initial assessment of the plan. Pulling the deal marks a setback for T-Systems CEO Adel Al-Saleh, who since being hired at he start of 2018 has reduced staff, closed offices and sought to hive off business lines that are not expected to generate profitable growth. "According to our preliminary assessment IBM holds a dominant position here in the European Economic Area which would have been further strengthened by acquiring personnel and essential infrastructure from its competitor, T-Systems," said Cartel Office chief Andreas Mundt in a statement on Friday.
Germany's anti-trust office is extending its review of a mainframe computing deal between T-Systems, the IT services arm of Deutsche Telekom, and IBM, it said on its website on Tuesday. The review period is being extended by two weeks to July 9, the Federal Cartel Office said in an update https://www.bundeskartellamt.de/DE/Fusionskontrolle/LaufendeHauptpruefverfahren/hauptpruefverfahren_node.html on the deal for IBM to acquire assets from T-Systems in IT services and outsourcing, and mainframe computing. T-Systems CEO Adel Al-Saleh, drafted in to turn around the underperforming business at the start of 2018, has cut staff, closed offices and is shifting some jobs offshore to try to generate sustainable profits and cash flows.
Germany's auction of frequencies for fifth-generation mobile services, now into its 10th week, has drawn 6 billion euros (£5.2 billion) in bids so far. Market leader Deutsche Telekom has complained that the regulator has forced up prices by offering too little spectrum. Deutsche Telekom leads in 13 of the blocks, with competitor Vodafone ahead in 12 and Telefonica Deutschland in eight, according to auction results https://www.bundesnetzagentur.de/DE/Sachgebiete/Telekommunikation/Unternehmen_Institutionen/Frequenzen/OeffentlicheNetze/Mobilfunknetze/mobilfunknetze-node.html published by the Federal Network Agency (BNetzA).
Approval from the Justice Department antitrust division “seems likely” since it never has diverged from the FCC on a merger, said Paul Gallant, a Washington-based analyst for Cowen & Co. It’s now “almost assured” the deal will win FCC approval, Gallant said in a note. The deal announced last year to combine the third- and fourth-largest U.S. wireless service providers needs approval from both authorities to succeed.
Many investors assumed that federal antitrust regulators wouldn’t let the wireless market shrink to three major players from four. But the latest news from the FCC indicates otherwise.
FRANKFURT (Reuters) - Deutsche Telekom declined to comment on reports that some Western companies were reducing their exposure to Huawei after the Chinese company was blacklisted in Washington, but said ...
Deutsche Telekom slammed the cost of Germany's auction of frequencies for next-generation mobile services, as first-quarter results showed its domestic business lagging in comparison with its U.S. and European operations. Germany is now seven weeks into its 5G auction, which has drawn total bids https://www.bundesnetzagentur.de/DE/Sachgebiete/Telekommunikation/Unternehmen_Institutionen/Frequenzen/OeffentlicheNetze/Mobilfunknetze/mobilfunknetze-node.html of 5.7 billion euros ($6.4 billion) for spectrum that can help run 'connected' factories and provide fast mobile broadband to the home. After more than 300 auction rounds, the pace has slowed to a crawl as Deutsche Telekom and its three rivals wrangle over one last 10 Megahertz (MHz) block of the 420 MHz up for grabs - a result, its CEO said, of the regulator's decision to curb the amount of spectrum on offer.
FRANKFURT (Reuters) - Deutsche Telekom slammed the cost of Germany's auction of frequencies for fifth-generation mobile services on Thursday but vowed to keep bidding to secure the spectrum it needs. "We ...
LONDON/FRANKFURT (Reuters) - Vodafone stepped up its battle to gain regulatory approval for its Liberty Global deal on Tuesday by offering rival Telefonica Deutschland access to its enlarged high-speed broadband network. The world's No.2 mobile operator agreed a year ago to pay $22 billion for Liberty's cable networks in Germany and central Europe, seeking increased fixed-line heft to better compete with German market leader Deutsche Telekom. Seeking to increase competition in the German market and defuse criticism of the deal, Vodafone on Tuesday said that Telefonica Deutschland would be able to offer super-fast services over Vodafone and Liberty's Unitymedia cable networks in Germany if the deal is approved.
Vodafone's deal to open up its German broadband network marks a transparent attempt to save its $22 billion (16.8 billion pounds) deal to acquire European assets from Liberty Global, Deutsche Telekom said on Tuesday, slamming the move. Vodafone said earlier it would give Telefonica Deutschland wholesale access to its high-speed network to try to win approval from European Union competition regulators for the Liberty deal.
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The European Commission's push to implement a Wi-Fi standard for connected cars has won the support of lawmakers in a victory for Germany's Volkswagen , although competitor BMW and other backers of a rival technology still hope to overturn the decision. Advocates of the alternative C-V2X standard - which stands for Cellular Vehicle to Everything - say their technology is already viable and will only improve as next-generation 5G mobile networks are rolled out.
In a vote Wednesday, the European Parliament ratified draft rules by the European Commission, the bloc’s executive body, which endorse WiFi technology pushed by VW, General Motors Co., and Volvo Group. The European Council of member states still have a say on the draft rules and could decide to veto it.
Moody's Investors Service ("Moody's") has today affirmed the Baa2 long term issuer rating of Danish facilities services provider ISS Global A/S (ISS or the company). Moody's has also affirmed the Baa2 senior unsecured ratings of the Euro 2.3 billion notes issued under the company's Euro 3 billion Euro Medium Term Note (EMTN) Programme, and the (P) Baa2 rating of the EMTN programme itself.
Airbus nominated a new German chairman on Wednesday as Frenchman Guillaume Faury prepared to become its chief executive, signalling that the Franco-German balance at its helm will extend through a sweeping management overhaul. Europe's largest aerospace company said it would propose former Deutsche Telekom chief Rene Obermann as chairman from 2020, completing the shift to what current chairman Denis Ranque called a "new generation of management". Obermann, a managing director of private equity firm Warburg Pincus, had been seen as a German favourite to succeed Ranque, who had already announced plans to retire next year.