DTEGF.PK: Deutsche Telekom Ag Instablogs

Quote & Headlines Market Currents StockTalk

All
| Earnings
| Dividends
| M&A
| On the move

Friday, June 14, 6:15 AM T-Mobile USA (DTEGF.PK) and Verizon Wireless (VZ, VOD) are reportedly not part of the NSA's program to collect metadata about the phone calls on their networks, partly due to their ownership ties to foreign companies. However, it's likely that the NSA is still able to scoop up the metadata, as the the calls eventually travel on infrastructure operated by U.S. companies that do work with the NSA. 4 Comments [Tech, Consumer]
Monday, May 27, 5:27 AM EU telecom chief Neelie Kroes hopes to put together a package of reforms that will be approved before European Parliament elections in May next year. The plan is to foster a single market for the industry across the bloc, although Kroes is giving up on the idea of a single regulator following opposition from member states. Comment! [Consumer, Tech]
Thursday, May 16, 11:07 AM Deutsche Telekom (DTEGY.PK) can sell its 74% stake in T-Mobile USA (TMUS +2.5%) prior to the end of an 18-month lockup period if it receives a buyout offer for the entire stake, says CFO Timotheus Hoettges. The comments seem to be giving a lift to the #4 U.S. carrier. T-Mobile CFO Braxton Carter recently stated his company wanted to extend the footprint of the MetroPCS brand by ~100M POPs over the next 6 quarters. T-Mobile is counting on 4G support to give MetroPCS an edge over prepaid rivals such as Leap (LEAP) and AT&T's 3G-only Aio prepaid service. 1 Comment [Tech, M&A]
Wednesday, April 24, 10:54 AM MetroPCS (PCS -1.1%) shareholders approve the company's merger with T-Mobile USA (DTEGY.PK). The approval was widely expected after the most high-profile opponents of Deutsche Telekom's initial offer terms - major shareholders Paulson & Co. and Schoenfeld Asset Management, and advisory firm ISS - all gave a thumbs-up to Deutsche's revised offer. Now comes the hard part: getting two low-end carriers who have been steadily losing share to Verizon/AT&T to reverse their fortunes as a joint entity. Quite a lot hinges on how T-Mobile's new subsidy-free plans are received. 2 Comments [Tech, M&A]
Wednesday, April 17, 6:54 PM Paulson & Co. and Omega Advisors have joined a growing list of Sprint (S) investors to declare Dish's (DISH) bid for the company superior to SoftBank's (SFTBF.PK), further pressuring the Japanese carrier to up its offer; Paulson owns 4.24% of Sprint, and Omega 1.86%. Meanwhile, as Sprint and T-Mobile both get ready to merge with 3rd parties, speculation is growing the #3 and #4 U.S. carriers may themselves tie the knot one day to better compete against AT&T/Verizon. Sprint CEO Dan Hesse last May: "I honestly don't believe there is a magic number of four at all." (more) 2 Comments [Tech, M&A]
Monday, April 15, 11:03 AM MetroPCS (PCS -3.6%) and Leap Wireless (LEAP -2.5%) slump in the wake of Dish Network's $25.5B offer for Sprint. The offer, which comes shortly after Bloomberg reported Dish had proposed a tie-up with T-Mobile USA (DTEGY.PK), removes T-Mobile/MetroPCS as an M&A target (for now, at least), and lowers the odds of an offer for Leap. Should a Dish/Sprint merger happen, it would also potentially create a tougher rival for the low-end carriers, though Sprint/SoftBank would arguably do the same. Comment! [Tech, On the Move, M&A]
Friday, April 12, 2:47 PM Upcoming FCC spectrum auctions should be structured to guarantee smaller nationwide carriers - no doubt T-Mobile (DTEGY.PK) and Sprint (S) - are able to purchase a fair share, so as to "improve the competitive dynamic among nationwide carriers and benefit consumers," the DOJ argues in a public filing. Verizon Wireless (VZ, VOD) and AT&T (T), who are already complaining the auctions (arriving in 2014 or later) will cap how much spectrum they can acquire, can't be happy to hear that. 2 Comments [Tech]
Thursday, April 11, 12:52 PM Paulson & Co. says it will support Deutsche Telekom's (DTEGY.PK) revised offer for MetroPCS (PCS -0.1%). Schoenfeld Asset Management, another opponent of the original deal, says it's reviewing the deal terms. Nonetheless, with Paulson's votes added to the existing support of Madison Dearborn (another major MetroPCS investor), the deal's odds are looking good. MetroPCS shares are near breakeven, after trading higher AH yesterday on news of DT's new bid. LEAP -1.6%. Comment! [Tech, M&A]
Wednesday, April 10, 6:08 PM MetroPCS (PCS) +2.5% AH after Deutsche Telekom (DTEGY.PK) submits what it calls its "best and final offer" for merging the prepaid carrier with T-Mobile USA. The new offer reduces the combined company's debt by $3.8B to $11.2B, cuts the interest rate on the debt by 50 bps, and extends the lockup on DT's stake in the company by 6 months to 18 months. The proposed ownership structure remains the same - DT would own 74% of the company, and MetroPCS shareholders 26%. (previous) 3 Comments [Tech, On the Move, M&A, Breaking News]
Wednesday, April 10, 5:49 PM A new Deutsche Telekom (DTEGY.PK) offer for MetroPCS (PCS) will "impose less debt" on the company following its merger with T-Mobile USA, Bloomberg reports. Lower interest rates are also part of the deal terms, which could be announced tonight. 9.9% MetroPCS owner Paulson & Co. has been quite unhappy about the $15B in debt sporting "above market" interest rates that's attached to DT's current offer. (WSJ report) Comment! [Tech, M&A]
Wednesday, April 10, 12:52 PM Deutsche Telekom (DTEGY.PK) is "reviewing a sweeter bid" for MetroPCS (PCS +3.8%) and could announce the terms as soon as today, the WSJ reports. Many have been expecting a higher offer to arrive since shareholder advisory firm ISS joined Paulson & Co and disgruntled MetroPCS shareholders in opposing the current deal. Bloomberg notes DT is able to monitor shareholder voting in real-time, giving it a chance to adjust its offer if it looks like the current bid will fail. (previous) Comment! [Tech, M&A, On the Move]
Thursday, April 4, 11:13 AM One way or another, Vodafone (VOD +0.2%) seems intent on growing its German wireline presence: a source tells Reuters the mobile giant is talking with Deutsche Telekom (DTEGY.PK) about a deal to offer German consumers a bundle of mobile, TV, and broadband services. Reuters' scoop comes a month after reports Vodafone has shelved plans to acquire German cable provider Kabel Deutschland for now. Some think the Kabel overtures were a negotiating tactic aimed at securing better terms from DT. Comment! [Tech]
Thursday, March 28, 11:20 AM Shareholder advisory firm ISS comes out against T-Mobile USA's (DTEGY.PK) merger with Metro PCS (PCS +3.3%), agreeing with those "greedy hedge funds" who argue MetroPCS shareholders deserve better terms. Analysts now expect a sweetened bid, and David Faber reports "there does seem to be a line of thinking at Deutsche Telekom (DTEGY.PK), about whether they should raise their offer." However, he adds "sources close to D-Tel are genuine when telling me Germans are unsure whether to try to save [the MetroPCS] deal." 2 Comments [Tech, M&A, On the Move]
Wednesday, March 27, 4:45 PM Paulson & Co. isn't happy with T-Mobile USA CEO John Legere's dismissal of MetroPCS (PCS) merger opponents as "greedy hedge funds." "If anyone is being greedy here, it is Deutsche Telekom (DTEGY.PK) by stripping out $15 billion of senior debt at above market rates ... MetroPCS shareholders are left with a subordinated minority stake in an over leveraged equity stub," argues Paulson, which owns 9.9% of MetroPCS. With Madison Dearborn (another huge shareholder) supporting the deal, some think advisory firm ISS could play kingmaker. 4 Comments [Tech, M&A]
Tuesday, March 19, 6:29 PM Timotheus Hottges, Deutsche Telekom's (DTEGY.PK) CFO and soon-to-be CEO, will be the chairman of T-Mobile USA following its merger with MetroPCS (PCS). Also set to serve on the combined company's 11-person board are T-Mobile USA CEO John Legere and outgoing DT CEO Rene Obermann. (PR) 1 Comment [Tech]
Tuesday, March 12, 1:49 PM The FCC has approved the MetroPCS/T-Mobile USA merger. The announcement isn't surprising, given the agency wants to see AT&T and Verizon face tougher competition. The biggest challenge for MetroPCS (PCS -0.9%), which has ticked higher on the news, remains overcoming opposition from dissident shareholders led by Paulson & Co. (official ruling) Comment! [Tech, Breaking News, M&A]

DTEGF.PK Deutsche Telekom Ag

DTEGF.PK

Deutsche Telekom Ag