|Bid||15.17 x N/A|
|Ask||15.17 x N/A|
|Day's Range||15.06 - 15.26|
|52 Week Range||13.08 - 15.88|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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 ...
Deutsche Telekom AG posted higher operating profit in the first quarter, propelled by forecast-beating U.S. growth that’s making up for slower momentum back home in Germany, where Europe’s biggest phone company faces emerging competitive threats.Adjusted earnings before interest, tax, depreciation and amortization after leases grew 8.3% to 5.94 billion euros ($6.65 billion). Key InsightsU.S. unit T-Mobile has beaten earnings estimates for 13 straight quarters, supporting the German parent company’s argument that the business will still prosper even if regulators block its $26.5 billion takeover of U.S. rival Sprint Corp. Raymond James analysts cut the chances for approval to 55 percent from 80 percent last week.Back home, a four-way bidding war for fifth-generation mobile spectrum threatens to inflate Deutsche Telekom’s capital spending burden in coming years.
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.
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.
Germany's Federal Network Agency on Wednesday said Deutsche Telekom could raise fees it charges rivals for accessing its "last mile" infrastructure, the last bit of cable connecting customers to the internet. The agency in a statement said it proposed Deutsche Telekom to increase charges for accessing subscriber lines at the main distributors to 11.19 euros ($12.62) per month from currently 10.02 euros, starting from July 2019. Former monopoly Deutsche Telekom often owns the last part of telecommunication cables into consumers' homes, the "last mile", making rivals reliant on it to offer their own services.
BERLIN (Reuters) - The CEO of Deutsche Telekom criticised the amount companies will have to pay to get fifth generation mobile internet spectrum in Germany as the amount of total bids approached 5 billion ...
Deutsche Telekom's IT services arm T-Systems is on track to boost core profits this year, the unit's CEO Adel Al-Saleh told Reuters, but still has its work cut out to start delivering a cash return to Europe's largest telecoms group. American Al-Saleh was brought in at the start of 2018 to turn around T-Systems, which under previous management had over-committed to big, loss-making IT outsourcing deals and fallen behind in digital transformation. At the same time, Al-Saleh identified business lines that T-Systems could grow and those it should sell or run down.
Deutsche Telekom is still confident of winning the approval of U.S. regulators for U.S. unit T-Mobile's $26 billion (19.76 billion pounds) deal to take over Sprint, CEO Tim Hoettges said on Thursday. "I think this deal is good for America and that we, at the end of the day, will win approval for the transaction," Hoettges told the German company's annual general meeting. Updating shareholders, Hoettges said the clock on a 180-day review of the deal was currently stopped with 58 days to go.
Deutsche Telekom is open to exchanging data with other operators to improve network security as the industry moves towards super-fast 5G technology, the head of its European business said on Tuesday. Telecoms network security has become a hot political issue after the United States alleged that equipment supplied by China's Huawei could be used by Beijing for spying and urged allies to shun the company. The European Commission on Tuesday ignored U.S. calls to ban Huawei across the bloc, saying that EU nations would instead be required to share data on 5G cybersecurity risks and produce measures to tackle them by the end of the year.
MAINZ/FRANKFURT (Reuters) - Germany's auction of spectrum for 5G mobile networks drew brisk initial bidding on Tuesday with prospective new entrant 1&1 Drillisch submitting bold offers for the frequencies it covets. Drillisch, run by maverick tycoon Ralph Dommermuth, is vying to become a fourth operator in Europe's largest economy - a move that could benefit consumers but pressure the margins of the three existing players. Drillisch, majority owned by United Internet , put down a marker in the first round by staking more than 20 million euros apiece for 10 of the 41 blocks of spectrum on offer.
Germany's auction of frequencies for next-generation 5G networks will begin as planned on March 19, the Federal Network Agency (BNetzA) said on Friday, after a court threw out challenges brought by the country's three operators. Deutsche Telekom, Vodafone and Telefonica Deutschland had filed motions seeking to put the auction on hold, complaining that the terms under which spectrum was being sold off were onerous. "The date stands," a BNetzA spokeswoman said, confirming the auction would start at 10 am (0900 GMT) next Tuesday in Mainz.
Germany set tougher criteria on Thursday for vendors supplying telecoms network equipment, stopping short of singling out China's Huawei Technologies for special treatment and instead saying the same rules should apply to all vendors. The announcement follows months of debate over whether to side with the United States and some allies in barring Huawei, the global market leader, from 5G networks due to concerns over the firm's ties to the Chinese government. In the end, the ground rules released by the Federal Network Agency (BNetzA) stated that critical equipment should only be used after scrutiny and certification overseen by Germany's BSI federal cybersecurity watchdog.
FRANKFURT/PARIS/MADRID (Reuters) - Continental Europe's three biggest telecoms groups expect only modest profit growth this year as they face relentless competition in their home markets and investments in next-generation mobile networks and fibre broadband. Deutsche Telekom, Orange and Telefonica forecast core profit growth of up to 3 percent for 2019, a year when costly 5G auctions will take place while mergers that could ease competition remain a distant prospect. Germany's Deutsche Telekom operates in an easier domestic mobile market, with three players instead of four, but is spending on broadband fibre to combat strong cable competitors.