Tag Archives: Deutsche Telekom

Breaking: T-Mobile, MetroPCS Merger Agreement Reached, Combined Company Will Stay T-Mobile

In a move that isn’t going to come as much of a surprise after both companies confirmed the talks, both boards have approved a $1.5 billion dollar deal. The combined company will be called T-Mobile and run by newly installed T-Mobile Chief Executive John Legere. The deal itself will be structured as a “reverse merger,” meaning that MetroPCS will in effect take on its larger rival. Such a move allows T-Mobile to … [read full article]

Deutsche Telekom, MetroPCS Confirm Merger Talks Through Separate Statements

The Deutsche Telekom/MetroPCS merger talk is heating up as both companies release separate statements confirming discussions. Deutsche Telekom: “Deutsche Telekom is holding talks with the listed company MetroPCS with the aim of operating its subsidiary T-Mobile USA and MetroPCS within one company in which Deutsche Telekom would hold the majority of shares,” the carrier said on its Web site. “The talks are at … [read full article]

T-Mobile Announces New CEO, Addresses Employees Via YouTube

T-Mobile has just announced that John Legere has been named Chief Executive Officer of T-Mobile USA, effective September 22. Legere is a 32-year veteran of the US and global telecommunications industry succeeding Jim Alling, who was serving as interim CEO after the departure of Philip Humm. “John is a talented and proven executive who brings a successful track record of leading and operating consumer- and business-focused telecommunications and technology companies,” said René Obermann, CEO of Deutsche … [read full article]

Report: T-Mobile Is The Target Of A Trujillo Private Equity Buyout

Oh here we go again as former telecommunications executive Sol Trujillo is said to be working on finding private-equity firms interesting in financing a buyout of part or all of T-Mobile USA. Trujillo, the former head of phone companies U.S. West Communications, Orange SA  and Australia’s Telstra Corp has approached at least two private-equity firms: KKR & Co and Blackstone Group LP about bidding for all or part of the nation’s fourth largest carrier. … [read full article]

T-Mobile USA Releases Second Quarter 2012 Quarterly Numbers

Well, it’s more like Deutsche Telekom releases their quarterly numbers and let’s us know how T-Mobile USA is doing and as anticipated, it’s still not all sunshine and rainbows. The good news is that net income is up 3.5 percent over the first quarter, despite a 2.4 percent decrease from the second quarter of 2011. In other words, T-Mobile USA remains profitable, so that’s important. However, the income growth over the first quarter … [read full article]

US Labor Department Says T-Mobile USA Moved Jobs Overseas As It Closed Call-Centers

The U.S. Labor Department recently discovered that T-Mobile USA moved jobs overseas after it closed local call-centers amid layoffs of U.S. employees. A Bloomberg report says that the Labor Department findings contradict the company’s claim and provides for workers to apply for government help. “The workers’ firm has acquired from a foreign country services like or directly competitive with services supplied by the workers which contributed importantly to worker group separations at … [read full article]

Bloomberg Report Says T-Mobile USA Will Get iPhone Next Year

Here’s an interesting Bloomberg report indicating that T-Mobile USA could use parent company Deutsche Telekom’s existing sales agreement with Apple to sell the iPhone in 2013. That’s the word on the analyst street says Sanford C. Bernstein’s Craig Moffett. Moffett says Apple and Deutsche Telekom are “increasingly likely” to reach an agreement for Deutsche Telekom’s US brand to sell the iPhone sometime next year. T-Mobile is already struggling to keep contract customers, often blaming … [read full article]

Former T-Mobile CEO Heads To Vodafone, T-Mobile USA Posts Official Statement

We’ve learned early this morning that former T-Mobile USA CEO Philip Humm is on his way to a top job at Deutsche Telekom European competitor, Vodafone. A Reuters report says Humm will “oversee the British firm’s presence in such markets as Germany, Britain, Turkey and the Czech Republic.” For its own part, Vodafone announced on Thursday it was splitting its European region into two parts, Northern/Central and Southern Europe. Humm will being taking … [read full article]

Deutsche Telekom CEO Says Merger, Not Sale Is Still An Option For US Branch

Deutsche Telekom CEO Rene Obermann spoke this morning during his company’s investors call and said that a T-Mobile merger is still an option, though an outright sale is more than likely off the table. “We do not exclude any option for the T-Mobile unit in the U.S., also not a merger,” Obermann told shareholders today at an annual meeting in Cologne, Germany. “A complete sale is unlikely. You understand that I can’t say … [read full article]

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