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...Telekom dragged on for 19 years before it was finally settled....
...The firm has made a series of investments in recent years in the telecoms and technology sectors, including the acquisition of T-Mobile’s Netherlands business, in a deal valuing the company at €5.1bn....
...as a way to cut the bank’s reliance on its often erratic and capital-intensive bond trading business....
...Tim Höttges, chief executive of Deutsche Telekom, told the FT earlier this year that, when he joined the German group in 2000, “Vodafone was the icon”....
...“What Deutsche Bahn AG is doing is nothing more than the continual rejection of all demands,” GDL boss Claus Weselsky said on Wednesday on German public broadcaster ZDF....
...Another shortcoming is the fact that compliance staff do not enjoy legal protection, warns Manuela Mackert, former chief compliance officer at Deutsche Telekom and now senior managing director at Ankura,...
...Where other groups have over the past decade largely held on to their sprawling international assets, Deutsche Telekom sold T-Mobile Netherlands in 2021, as well as its businesses in Bulgaria and Albania...
..., didn’t hedge that risk.”...
...In a keynote speech this week at a global telecoms conference in Barcelona, alongside the chief executives of Spain’s Telefónica and Germany’s Deutsche Telekom, Della Valle and Heydemann called on regulators...
...“We will be doing asset sales and divestitures just so we can fund this very strong pivot we intend to achieve towards a stable business,” said the senior executive at the bank involved in investor calls...
...Deutsche Telekom bought US carrier Sprint in 2020, which drove a revival of its T-Mobile US business, turning it into the core pillar of the group’s growth and helping it take on rivals Verizon and AT&T....
...Deutsche Telekom has managed to defy this wider trend in large part thanks to its lucrative bet on the US market via T-Mobile US; its shares have risen more than 60 per cent over the past five years....
...It has employed similar financing using its holdings in T-Mobile and Deutsche Telekom....
...Deutsche Telekom has also only been using renewable electricity since 2021....
...But the group sustained losses partly as a result of share price declines at Alibaba, Deutsche Telekom and T-Mobile....
...Deutsche Telekom bought US carrier Sprint in 2020, which drove a revival of its T-Mobile US business, helping it take on Verizon and AT&T....
...He had been put forward as chair of German lender Deutsche Bank by private equity group Cerberus as part of a botched attempt to take control of the German lender’s board....
...“Lex would often say to me words to the effect ‘you don’t have to worry about the documents’ and ‘the documents are irrelevant’,” Gupta said....
...Kirkby must also reconcile the positions of two big shareholders whose investments are under water: Patrick Drahi’s Altice owns almost 25 per cent of BT while Deutsche Telekom — whose chief executive earlier...
...Its investors — including Patrick Drahi’s Altice, which owns a near 25 per cent stake, and Deutsche Telekom, whose chief Tim Höttges told the FT earlier this year that its BT stake was the “biggest mistake...
...Deutsche Telekom has been vocal about its ambitions to become a majority owner of T-Mobile US, and paid $2.4bn to the Japanese conglomerate SoftBank to increase its stake to 48.4 per cent in April....
...The Deutsche Telekom deal is expected to close by the end of the year, and the group estimates cash proceeds of €10.7bn, which it will use to cut its debt and embark on increasing its stake in T-Mobile US...
...Telekom in 2018 and Spain’s Telefónica in 2021....
...Answers are at the bottom — don’t cheat!...
...Net profit quadrupled following the sale of T-Mobile Netherlands, Deutsche Telekom added. It used part of the cash proceeds from the sale to help boost its stake in T-Mobile US to 48.4 per cent....
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