Items tagged with Deutsche Telekom
T-Mobile has been on a winning streak for the past year. Lead by the brash CEO John Legere, the “Uncarrier” added 8.3 million customers during 2014 and has launched a number of initiatives — including Data Stash and cut-rate unlimited LTE data plans — to battle larger competitors like Verizon Wireless and AT&T. Legere even made it a point to specifically target Sprint, saying that T-Mobile would overtake its bitter rival to grab third place among wireless carriers. Unfortunately for T-Mobile, Sprint retained its third place position, and Legere will have to try again during 2015. T-Mobile US’s parent company, Deutsche Telekom, had hoped that there wouldn’t need to be a bitter fight between...
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Sprint is forging ahead with plans to bid for a takeover of T-Mobile, according to a new report. Sources familiar with the situation told Bloomberg that Sprint has lined up financing with at least six banks including Goldman Sachs Group Inc., Citigroup Inc., JPMorgan Chase & Co. (JPM), Mizuho Financial Group Inc., Bank of America Corp. and Deutsche Bank AG. It’s unclear how much capital will be needed, as the deal would require covering T-Mobile’s $8.7 billion in debt. Whatever the number, Softbank (which owns 80% of Sprint) and Deutsche Telekom AG (which owns 67% of T-Mobile) are talking. Part of those discussions center on who would helm the newly-merged company, and the report...
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The AT&T - T-Mobile merger may be off the table, but T-Mobile's parent company Deutsche Telekom is walking away from the deal with a smile on its face. The communications giant released the details of what AT&T agreed to pay for the privilege of bidding on its business, and it's an impressive set of benefits. AT&T's $3B (approximately €2.29B) payment will reportedly be used to pay down DT's debts in other areas. What T-Mobile is getting is a large package of AWS spectrum in 128 market areas, including 12 of the top 20 ((Los Angeles, Dallas, Houston, Atlanta, Washington, Boston, San Francisco, Phoenix, San Diego, Denver, Baltimore and Seattle). As a result, DT's population coverage...
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Clearwire seems to be keeping its options open. It's been just days since news broke about a possible global WiMAX roaming agreement between Clearwire and a pair of international carriers, and now the company's CEO is stating that he would be open to the possibility of switching fourth-generation, or 4G, wireless technologies down the road if that helped the company. Currently, Clearwire's 4G network operates on WiMAX technology. Given that most of the world seems to be headed to a different 4G standard called LTE, the fact that Clearwire is keeping its options open could be a good thing. Clearwire and majority backer Sprint Nextel have already staked their claim to offering the first 4G wireless...
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