Focus magazine reported that Deutsche Telekom would still choose a buyer for its online classified advertising business, Scout24.
Tags: Deutsche Telekom
Deutsche Telekom to sell Scout24 to Hellman & Friedman for EUR2 billion
Deutsche Telekom is nearing an agreement to sell 70% of its stake in German online-classifieds business Scout24 holding. It will be sold to private equity firm Hellman & Friedman in a deal that would value the business at EUR2 billion.
T-Mobile to raise USD1.96 billion in a stock offering
T-Mobile, a mobile service provider based in the US, had put up for sale its 66.15 million shares worth USD1.96 billion to improve its capacity for wireless data services.
Top deals of the day - mergers & acquisitions
The following bids, mergers, acquisitions and disposals were reported on Monday. The following bids, mergers, acquisitions and disposals were reported on Monday.
Deutsche Telekom acquires landline based GTS Central Europe
GTS Central Europe would provide expanded services through landline infrastructure to its purchaser Deutsche Telekom.
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Deutsche Telekom had applied for a sports betting license and is currently reviewed by the Interior Ministry of the German state of Hesse.
Slovakia would sell 800Mhz, 1,800Mhz and 2,600Mhz bandwidths which was expected to result to a new operator in the country.
SoftBank is in talks with Deutsche Telekom in possibly acquiring T-Mobile USA after Dish Network Corp. made counter offer for Sprint Nextel.
Vodafone partners with Deutsche Telekom for expanded services for the German market. In a new development, Vodafone would now be able to offer over broadband pay-TV to its German subscribers with the new accord signed with Deutsche Telekom AG.
With the T-Mobile USA and MetroPCS Communications deal, Deutsche Telekom finds a way to stage a comeback into US markets.
New terms have been added to sweeten the MetroPCS-T Mobile deal. In a bid to woo investors to vote for the merger, Deutsche Telekom had reduced the level of the merged company's debt for the proposed T-Mobile USA and MetroPCS merger.
Before the MetroPCS shareholder meeting, the shareholders that had filed suit are now wondering the next move the merging firms.
Deutsche Telekom board considering modifying offer on merger terms between T-Mobile USA and MetroPCS Communications.
ISS has advised its shareholders to reject the proposed merger as it is biased against T-Mobile allowing more options for MetroPCS in the long run.
