topics
tools
Expatica countries
Index Last Var.(%)
BEL 20 3083.51 0.32
DAX 9605.08 0.17
IBEX 30 10058.5 -1.04
CAC 40 4387.61 -0.20
FTSE 100 6806.86 -0.05
AEX 397.5 -0.20
DJIA 16272.65 0.46
Nasdaq 4318.933 0.63
FTSE MIB 20298.33 -0.11
TSX Composite 14214.35 0.18
ASX 5415.4 -0.10
Hang seng 22836.96 0.04
Straits Times 3110.78 0.45
ISEQ 20 836.3 0.23
EUR / USD 1.37976 0.67
EUR / GBP 0.82571 0.59
USD / GBP 0.598544 -0.10
Gold 1329.6 -0.13
Oil 108.9 -0.76
Silver 21.28 0.08
You are here: Home News German News Deutsche Telekom shares up on T-Mobile USA tie-up report
Enlarge font Decrease font Text size


10/05/2012Deutsche Telekom shares up on T-Mobile USA tie-up report

Shares in Deutsche Telekom rose sharply Thursday after a media report that the German telecommunications operator was mulling a tie-up between its T-Mobile USA subsidiary and a potential new partner.

Stocks in Deutsche Telekom were up 3.4 percent to 8.80 euros ($11.40) at around 1200 GMT on a slightly stronger DAX blue-chip index.

The giant, which reported earlier Thursday a halving in first-quarter net profit, is considering a deal to combine T-Mobile USA with US wireless provider MetroPCS Communications, the Financial Times said.

The newspaper said, based on two sources, that the deal was not final but could involve a stock-swap, giving Deutsche Telekom control of the new entity to be listed in the United States.

"We never comment on the incessant rumours" swirling around the German giant's US subsidiary, the head of Deutsche Telekom, Rene Obermann, said in a telephone news conference Thursday.

The group has been exploring options after its $39-billion-deal to sell T-Mobile USA to AT&T ran into opposition from US regulators last year.



© 2012 AFP


0 reactions to this article

0 reactions to this article

Discussion Forums

Humour in Germany

Buy fake passports,driver's licenses,identity cards, visas

Television in Germany

Buy fake passports,driver's licenses,identity cards, visas

Eating & Drinking in Germany

Buy fake passports,driver's licenses,identity cards, visas

Shopping in Germany

Buy fake passports,driver's licenses,identity cards, visas

Films, Shows & Events in Germany

Buy fake passports,driver's licenses,identity cards, visas

participate in the forums

 
 
 
 
 
Inside Expatica
The ABCs of the German school system

The ABCs of the German school system

What you need to know about German schools and daycare.

German immigration and residency regulations

German immigration and residency regulations

Want to move to Germany but haven’t figured out the details? Check out Expatica’s overview of the German permit system.

Driving in Berlin: Rules, habits and fines

Driving in Berlin: Rules, habits and fines

In part one of our two part series, we cover the driving culture in Berlin, where to park and buy gas and, most importantly, the laws.

Looking for work in Germany: The in depth version

Looking for work in Germany: The in depth version

Our comprehensive guide includes information on how to find work, recruitment agencies, employment contracts and labour law.