Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Deutsche Telekom AG    DTE   DE0005557508

DEUTSCHE TELEKOM AG

(DTE)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

EU clears Vodafone's $22 billion Liberty deal

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/18/2019 | 07:47am EDT
FILE PHOTO: A woman holds a phone as she passes a Vodafone  store in London

BRUSSELS/LONDON (Reuters) - Brussels gave its blessing to Vodafone's $22 billion (£17.66 billion) purchase of Liberty Global's cable networks in Germany and central Europe, clearing the way for the British company to become Europe's largest mobile, broadband and TV provider.

The deal is the standout move by Vodafone in its bid to become a provider of superfast broadband and pay-TV, rather than just a pure mobile provider. The strategy, launched by former CEO Vittorio Colao, is designed to increase customer spending and deepen user loyalty.

For John Malone's Liberty Global, the cable exit brings rich returns for assets worth more to an acquirer who can bundle them with other services than as a standalone business.

Shares in Britain's Vodafone, the world's No. 2 mobile operator, rose 1 percent after the European Commission gave the green light for the two groups to combine networks and better take on German market leader Deutsche Telekom.

Commissioner Margrethe Vestager said the approval was subject to remedies designed to ensure that customers will continue enjoying fair prices, high-quality services and innovative products.

"In our modern society access to affordable and good quality broadband and TV services is almost as asked for as running water," she said.

In order to get the deal through the regulator, Vodafone had to agree to give smaller rival Telefonica Deutschland access to its enlarged high-speed broadband network.

Deutsche Telekom said the concessions did not go far enough to avoid limiting the variety of media and programming on offer to consumers and said it was considering whether to appeal.

Nick Read, Vodafone's chief executive, has described the deal as transformational for the four markets of Germany, Hungary, Czech Republic and Romania, offering high speeds for consumers and renewed competition among operators.

"Vodafone transforms into Europe's largest fully-converged communications operator, accelerating innovation through our gigabit networks and bringing greater benefits to millions of customers," he said.

Liberty said the new entity would prove a powerful fixed-mobile challenger to national telecom incumbents.

Vodafone and Unitymedia, Liberty's German business, operate in different parts of the country and do not compete head to head.

But a merged entity will have a very strong position in cable and broadband, in particular to multi-family apartment blocks, leading competitors to urge regulators to step in and ensure that they also have "last-mile" access to households.

The networks will cover 23.7 million households and will help Telefonica Deutschland to move up from its distant third position in fixed-line broadband, behind Deutsche and Vodafone.

Reuters reported on June 26 that the deal was set to go ahead.

(Reporting by Robin Emmott in Brussels and Kate Holton in London, editing by Alissa de Carbonnel and Georgina Prodhan)

Stocks mentioned in the article
ChangeLast1st jan.
CHALLENGER LTD 0.15% 6.68 End-of-day quote.-28.35%
DEUTSCHE TELEKOM AG -0.36% 14.826 Delayed Quote.0.04%
LIBERTY GLOBAL PLC -0.46% 26.14 Delayed Quote.22.49%
TELEFONICA DEUTSCHLAND HOLDING -0.40% 2.216 Delayed Quote.-35.17%
VODAFONE GROUP PLC -0.61% 149.9 Delayed Quote.-1.53%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DEUTSCHE TELEKOM AG
08/16Freenet threatens to derail $6.4 billion Sunrise-UPC deal
RE
08/12DEUTSCHE TELEKOM : Mobile Connect
PU
08/09DEUTSCHE TELEKOM AG : Notification and public disclosure of transactions by pers..
EQ
08/09DEUTSCHE TELEKOM : The magical world of penetration tests
PU
08/08GLOBAL MARKETS LIVE : Uber, Broadcom, Carlsberg, Salesforce…
08/08Deutsche Telekom confident U.S. merger will still deliver cost savings
RE
08/08DEUTSCHE TELEKOM : U.S. DoJ backing for T-Mobile-Sprint deal a major milestone
RE
08/08Deutsche Telekom 2Q Net Profit Up; Backs Outlook
DJ
08/08DEUTSCHE TELEKOM AG : Slide show half-year results
CO
08/07EU charges Czech mobile operators with blocking rivals
RE
More news
Financials (EUR)
Sales 2019 79 626 M
EBIT 2019 11 167 M
Net income 2019 4 176 M
Debt 2019 68 708 M
Yield 2019 5,08%
P/E ratio 2019 16,8x
P/E ratio 2020 13,9x
EV / Sales2019 1,75x
EV / Sales2020 1,68x
Capitalization 70 312 M
Chart DEUTSCHE TELEKOM AG
Duration : Period :
Deutsche Telekom AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DEUTSCHE TELEKOM AG
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 16,60  €
Last Close Price 14,79  €
Spread / Highest target 31,8%
Spread / Average Target 12,2%
Spread / Lowest Target -18,2%
EPS Revisions
Managers
NameTitle
Timotheus Höttges Chairman-Management Board & CEO
Ulrich Lehner Chairman-Supervisory Board
Christian P. Illek Chief Financial Officer
Claudia Nemat Head-Technology & Innovation
Michael Sommer Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
DEUTSCHE TELEKOM AG0.04%78 304
VERIZON COMMUNICATIONS1.00%234 056
NIPPON TELEGRAPH AND TELEPHONE CORP12.41%87 685
SAUDI TELECOM COMPANY SJSC--.--%59 934
BCE INC.14.69%42 063
ORANGE-4.84%39 812