MOSCOW-Deutsche Telekom is reportedly considering the sale of a part of its 40-percent stake in Russia's biggest carrier Mobile TeleSystems (MTS) to decrease its multi-billion dollar debt load.The Vedomosti newspaper quoted an anonymous high-ranking official from Deutsche Telekom as saying the corporation may decrease...
BRUSSELS, Belgium-The European Union Commission ruled European wireless operators could share the cost of building out third-generation networks including the cost of base stations, antennas and radio-access networks. The move is expected to ease some financial pressure from operators who spent more than $100...
FRANKFURT, Germany-Cingular Wireless L.L.C. and T-Mobile USA Inc. parent Deutsche Telekom AG are apparently close to agreeing to the size and stake of a proposed merger between the two companies and could begin merger proceedings as early as next month, according to a story...
FRANKFURT, Germany-Instead of trying to sell off its U.S.-based VoiceStream Wireless Corp. holdings, analysts said German telecommunications giant Deutsche Telekom AG may choose an early public offering of its T-Mobile unit to help the company reduce its more than $60 billion debt load." want...
HELSINKI, Finland-Danish, Swedish and German telecom companies TDC, Telia and Deutsche Telekom are showing an interest in acquiring the Stockholm, Sweden-based communications and financial services group Kinnevik's 33.5-percent shareholding in mobile operator Millicom International Cellular (MIC), headquartered in Luxembourg. Kinnevik, whose future remains the...
NEW YORK-U.S. operators AT&T Wireless Services and VoiceStream Wireless are in preliminary talks to merge their wireless operations, which would create the nation's second-largest wireless carrier, according to a Wall Street Journal report. A merged company would combine the country's third- and sixth-largest nationwide...
NEW YORK-AT&T Wireless Services Inc. and VoiceStream Wireless Corp. are in preliminary talks to merge their wireless operations, which would create the nation's second-largest wireless carrier, according to a Wall Street Journal report. A merged company would combine the country's third- and sixth-largest nationwide...
OXFORD, United Kingdom-U.K.-based British Telecommunications has launched three wireless local area network (WLAN) "hot spots" in London to provide personal digital assistant (PDA) and laptop users with high-speed Internet access. The company said it plans to have 20 sites operational by August, 400 by...
DUBLIN, Ireland—The latest shareholder criticism of the performance of its parent company Deutsche Telekom has made it more likely that T-Mobile will finally be sold within the next 12 months to help reduce debts running to tens of billions of Euro, even though it...
LONDON—Moody's investor services changed its outlook for German telecommunications company Deutsche Telekom and its guaranteed subsidiary DT Finance B.V., as well as its American subsidiaries VoiceStream Wireless Corp. and Cook Inlet/VoiceStream, from stable to negative and confirmed the current Baa1 long-term ratings.Moody's said the...
BONN, Germany—German telecommunications giant Deutsche Telekom reported its T-Mobile wireless division posted $4.1 billion in revenue for the first quarter of this year compared with $2.5 billion reported for the first quarter last year. The company attributed the increase to positive effects of its...
KUALA LUMPUR, Malaysia—The Malaysia government plans to award three third-generation licenses later this year, and only a few weeks before applications are due, companies are still jostling for partners and alliances for the 3G arena.Telekom Malaysia, which had earlier this year agreed to jointly...
HELSINKI, Finland—TDC, the Danish telecom company that is currently the subject of attention from acquisitive Nordic neighbor Telia, is being linked as a "probable" contender to take over Cesky Telecom, which owns 51 percent of EuroTel Praha, the Czech Republic's fastest growing mobile operator.Deutsche...
BELLEVUE, Wash.—VoiceStream Wireless will cut about 260 jobs from offices in Atlanta, Memphis, Tenn. and Louisville, Ky. as part of the ongoing incorporation of Powertel Inc., which Deutsche Telekom acquired along with VoiceStream last year.VoiceStream spokeswoman Brigette Helsten said most of the 260 jobs...
LONDON—Moody's Investor Service downgraded its credit rating on Deutsche Telekom and its VoiceStream Wireless Corp. subsidiary citing doubt DT would achieve its previous forecast of net debt of $43.5 billion by the end of this year and expected high capital expenditure requirements for VoiceStream...
BUENOS AIRES, Argentina—The Paraguayan Ministers Council's rejection of the rebalanced tariff provoked the resignation of the country's reformation secretary and the postponement until 30 April of the privatization of the Compa
OXFORD, United Kingdom—In an effort to reduce its market entry costs as a greenfield third-generation (3G) operator, Hutchison 3G is negotiating with U.K. operators mmO2 and One 2 One about mast sharing. Deutsche Telekom-owned One 2 One and mmO2 have already agreed to share...
LONDON—Deutsche Telekom announced it will implement a four-point plan to keep its debt reduction program on track:A dividend of 37 cents for 2001, which is 40 percent lower than last year, will be proposed to the supervisory board and the general meeting of shareholder;There...
HANNOVER, Germany—Deutsche Telekom and Microsoft are presenting mobile solutions for business customers at this week's CeBIT trade show in Germany and announced the companies will cooperate in developing devices for next-generation mobile phones.The first offerings should be available by the third quarter.Under the agreement,...
HANNOVER, Germany—Deutsche Telekom and Microsoft Corp. are presenting mobile solutions for business customers at this week's CeBIT trade show in Germany and announced the companies will cooperate in developing devices for next-generation mobile phones.The first offerings should be available by the third quarter.Under the...
HELSINKI, Finland—Nordic telecom companies Sonera, Telia and TDC have confirmed their interest in bidding for a 25-percent equity holding in Ukrainian Mobile Communications (UMC), the Ukraine's largest mobile-phone operator. Other interested parties include Deutsche Telekom, a shareholder in UMC.The Ukraine government is planning to...
Global interest in the U.S. cellular market is high. And with consolidation expected in the United States and around the world in coming months, U.S. carriers that are owned by foreign companies could be impacted by their partners’ interests and strategies around the globe.The...
TORONTO—Research in Motion has landed a supply agreement with T-Mobile International, a group of wireless network operators belonging to telecommunications kingpin Deutsche Telekom. The deal, RIM's second in Germany, is important because it will give the Waterloo, Ontario-based company access to the tens of...
