Inmarsat Plc, the U.K. satellite operator, rose the most in four months after finalizing a contract with British Airways owner IAG SA to provide in-flight internet access on over 300 planes. The order strengthens Inmarsat’s joint push with Deutsche Telekom AG to provide web access on aircraft using satellites and the German phone company’s towers.
Category: Deutsche Telekom AG
Deutsche Telekom Lowers Value of Its BT Stake by $2.3 Billion
Deutsche Telekom AG wrote down its stake in British phone carrier BT Group Plc by 2.2 billion euros and placed it in a new unit for actively managed investments led by the company’s top M&A executive. The holding, now valued at about 5.1 billion euros, is part of a group of assets that also includes the company’s Dutch unit and its German tower business.
Deutsche Telekom Takes $2.3 Billion BT Writedown, Posts Q4 Net Loss
Deutsche Telekom posted solid domestic earnings growth Thursday but a writedown of its stake in Britain’s BT offset improvements in its U.S. T-Mobile unit. Deutsche Telekom AG posted solid domestic earnings growth Thursday but a writedown of its stake in Britain’s BT Group plc offset improvements in its U.S. T-Mobile unit and pushed Europe’s biggest telco into a fourth quarter loss.
Exclusive: SoftBank willing to cede control of Sprint to entice T-Mobile – sources
Japan’s SoftBank Group Corp is prepared to give up control of Sprint Corp to Deutsche Telekom AG’s T-Mobile US Inc to clinch a merger of the two U.S. wireless carriers, according to people familiar with the matter. The logo of U.S. mobile network operator Sprint Corp is seen at a Sprint store in San Marcos, California August 3, 2015.
JP Morgan Sees U.S. Telecom Consolidation, T-Mobile Deal
U.S. telecom sector could be on the brink of a major consolidation under President Donald Trump’s likely more merger-friendly administration, said JP Morgan Securities, which now sees a 90 percent chance of T-Mobile US being involved in a strategic transaction in the next five years. T-Mobile could be involved in tie-up with Sprint, or be acquired by a cable company, JP Morgan said, adding that a transaction involving Dish Network or a sale to a foreign player that wants a foothold in the U.S. wireless market is also likely.
JP Morgan Sees U.S. Telecom Consolidation, T-Mobile Deal
U.S. telecom sector could be on the brink of a major consolidation under President Donald Trump’s likely more merger-friendly administration, said JP Morgan Securities, which now sees a 90 percent chance of T-Mobile US being involved in a strategic transaction in the next five years. T-Mobile could be involved in tie-up with Sprint, or be acquired by a cable company, JP Morgan said, adding that a transaction involving Dish Network or a sale to a foreign player that wants a foothold in the U.S. wireless market is also likely.