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Eurobites: Deutsche Telekom Names Its Price for T-Mobile US

Paul Rainford
8/29/2014
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In today's EMEA regional roundup: Telefónica prevails in Brazilian battle; NFV project issues specs document; Nokia navigates with Samsung.

  • Deutsche Telekom AG (NYSE: DT) has named its price for the sale of its T-Mobile US Inc. unit, according to a Bloomberg report. An unnamed source said that the German giant is only willing to negotiate the sale of the US arm if an offer of at least $35 a share is forthcoming. T-Mobile rejected a surprise bid of $33 a share from French operator Iliad (Euronext: ILD) earlier this month, so now the pressure is on the European firm to increase its bid, possibly with the help of partners. (See Iliad's Bid for T-Mobile: This Ain't No Joke and Eurobites: Iliad Needs to Up Its T-Mobile Bid .)

  • As expected, Telefónica SA (NYSE: TEF) has the upper hand in its battle with Telecom Italia SpA (NYSE: TI) over the sale of Vivendi 's Brazilian broadband unit, Global Village Telecom (GVT). Reuters reports that Vivendi has chosen to hold exclusive talks with the Spanish operator following Telefónica's decision to increase its bid to $9.8 billion and boost the cash component of its offer. Separately, Vivendi reported first-half revenues down 3.5% year-on-year at €5.54 billion (US$7.3 billion), while adjusted net income was down 1.1% to €355 million ($468 million). (See Telefónica, Telecom Italia in $9B Battle to Buy Brazil's GVT.)

  • T-NOVA, an EC-funded collaborative effort developing systems that will support NFV-as-a-service, has issued a specifications document that proposes "an integrated top-down NFV system architecture for the provision of Virtual Network Functions as-a-Service." For more details, see this announcement.

  • Nokia Corp. (NYSE: NOK)'s navigation business, HERE, has formed an agreement with Samsung that will see the Finnish vendor's products appearing on Samsung Corp. 's Tizen-powered devices. HERE is currently undergoing a change in leadership, with former CEO Michael Halbherr departing, it is said, as a result of disagreement over the unit's future direction.

  • Swisscom AG (NYSE: SCM) has completed the acquisition of advertising directories specialist PubliGroupe, reports Reuters, for a price of around 475 million Swiss francs ($519 million).

  • Fiscal full-year revenues at Ireland's eir declined 6% year-on-year to €1.28 billion ($1.68 billion), though CEO Herb Hribar tried to put an optimistic spin on the results, pointing out that the revenue decline has slowed over the past 12 months. Earlier this month there was talk of AT&T Inc. (NYSE: T) pursuing a potential acquisition of eircom, which is owned by a consortium of lenders. (See Eircom Reports Revenues Dip for Fiscal Year and Eurobites: AT&T Linked to Irish Acquisition.)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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    Kruz
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    Kruz,
    User Rank: Light Sabre
    8/31/2014 | 6:08:53 PM
    Re: Dish
    Dish can sit and wait to see what Iliad has to offer.
    Joe Stanganelli
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    Joe Stanganelli,
    User Rank: Light Sabre
    8/29/2014 | 11:14:57 PM
    Re: Dish
    Keyword: "rumored"

    As I observed yesterday on Twitter here...
    Joe Stanganelli
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    Joe Stanganelli,
    User Rank: Light Sabre
    8/29/2014 | 11:13:47 PM
    Snowden relation?
    Given the German government's relatively recent announcement that it will only do business with German carriers in the wake of the NSA scandal, I wonder if a significant part of the reason Deutsche Telekom wants to sell T-Mobile US is a matter of attracting/maintaining more profitable local/European business.
    MikeP688
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    MikeP688,
    User Rank: Light Sabre
    8/29/2014 | 4:02:17 PM
    Re: Dish
    I trust you agree that it is a matter of leadership & vision.   Dish has to do something--just like T-Mobile has to figure out a way to hook up with a more sterngthened operator as AT&T & Verizon continue to dominate the ever saturated market.   I could not help but wonder what Judge Sircia--who broke up AT&T--would say today.

    Hope all enjoy the labor day Week-End. 
    mendyk
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    mendyk,
    User Rank: Light Sabre
    8/29/2014 | 10:32:08 AM
    Re: Dish
    Given Dish's less-than-stellar market performance, T-Mobile isn't likely to thrive under its ownership.
    KBode
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    KBode,
    User Rank: Light Sabre
    8/29/2014 | 9:29:54 AM
    Dish
    Dish seems awful quiet on a T-Mobile bid for a company that has been rumored to be a possible suitor for much of the last year...
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