Rene Obermann News
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Deutsche Telekom AG promoted Thomas Dannenfeldt to finance chief, replacing Timotheus Hoettges, who is preparing to take over as chief executive officer at Germany’s largest phone company next year.
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Deutsche Telekom AG, Germany’s largest phone company, reported first-quarter profit before some items that beat analysts’ estimates after slowing a decline in mobile revenue at home and halting an exodus of U.S. customers.
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T-Mobile US Inc., the fourth-biggest U.S. wireless company, climbed 6 percent in its first day of trading on the New York Stock Exchange after merging with MetroPCS Communications Inc., a smaller rival.
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Deutsche Telekom AG got a chance to stage a comeback in the U.S. after MetroPCS Communications Inc. shareholders approved a sweetened deal to merge with the German company’s T-Mobile USA unit.
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Deutsche Telekom AG got a chance to stage a comeback in the U.S. after MetroPCS Communications Inc. shareholders approved a sweetened deal to merge with the German company’s T-Mobile USA unit.
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Ziggo NV owners Warburg Pincus LLC and Cinven Ltd. sold their residual holdings in the Dutch cable television operator a year after its listing, generating a combined 3.4 billion euros ($4.4 billion) in proceeds from their investments.
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Deutsche Telekom AG announced the surprise departure of Chief Executive Officer Rene Obermann at the end of 2013, capping a seven-year tenure at the helm of Germany’s largest telephone company.
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Unless Deutsche Telekom AG is prepared to abandon another attempt to exit the U.S. market, it has to sweeten the terms of its $33 billion deal to combine T- Mobile USA Inc. with MetroPCS Communications Inc.
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Deutsche Telekom AG is reviewing improved terms for a deal to merge its T-Mobile USA unit with MetroPCS Communications Inc. to secure approval from shareholders, according to two people familiar with the matter.
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