Articles tagged with: Deutsche Telekom and Three

T-Mobile Mulling Takeover of Sprint Nextel

­Following its joint venture with Orange in the UK, Deutsche Telekom is now reported to have called in bankers to plot a takeover bid for the struggling USA based Sprint Nextel. Sources have told the UK based Telegraph newspaper that Deutsche Telekom could submit a bid for Sprint, which has a market valuation of $10.6 billion, within the next few weeks.  more

Related Tags: sprint-nextel, base, USA

Deutsche Telekom's 2Q profit rises 32 percent

Germany's Deutsche Telekom has reported a 32% rise in second quarter profits, boosted by its acquisition of Greece's  Hellenic Telecommunications Organization (OTE). The Greek company OTE contributed EUR 1.5 billion to net revenue and EUR 0.5 billion to adjusted EBITDA of the Group in the second quarter of 2009. The company recorded a net profit of EUR 521 million (US$750.7 million) on revenues of EUR 16.2 billion, up 7.4% on the year ago.  more

Related Tags: telekom, Germany