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Euronews: DT Slumps Following AT&T Bombshell

In today's EMEA roundup: Deutsche Telekom shares are down on news of merger block, while things are looking up for France's Iliad

Paul Rainford

September 1, 2011

1 Min Read
Euronews: DT Slumps Following AT&T Bombshell

Deutsche Telekom AG (NYSE: DT), Iliad (Euronext: ILD) and Nokia Networks provide the grist to the Euronews mill today.

  • Shares in German incumbent Deutsche Telekom fell 7.6 percent on Wednesday, reports Bloomberg, following the decision by the U.S. Department of Justice to block the merger of its subsidiary T-Mobile US Inc. with AT&T Inc. (NYSE: T). One analyst described T-Mobile USA as "damaged goods." (See DoJ Blocks AT&T/T-Mobile Merger, What Could T-Mobile Do After AT&T? and Analyst: DoJ Suit Bad for All Carriers.)

  • In marked contrast to results just announced by domestic rivals SFR and Bouygues Telecom , French broadband provider Iliad recorded a 6.3 percent rise in half-year EBITDA (earnings before interest, tax, depreciation and amortization) on revenues up 2.6 percent year-on-year. (See Iliad Reports H1, Iliad, Orange Sign Roaming Agreement and Euronews: Sun Sets on AlcaLu's Sunrise Deal .)

  • Nokia Siemens Networks has deployed a Long Term Evolution (LTE) network in the 1800MHz spectrum band for Latvijas Mobilais Telefons SIA , the largest mobile operator in Latvia. As part of the deal, NSN also supplied its Evolved Packet Core offering.

  • The popular Financial Times app for the iPad and iPhone has been removed from Apple Inc. (Nasdaq: AAPL)'s app store, following a disagreement between Apple and the FT's owner, Pearson, reports the Daily Telegraph. Apple had insisted that it should retain 30 percent of the subscription fee and control over the personal data of those customers who subscribed via the iPad/iPhone app. Apple devices can, however, still access the newspaper through a browser-based Web app.

    Elsewhere in EMEA:

    • Vodafone Iceland Uses Espial for IPTV

    • Telefonica Units Share Their SPIT

    • AlcaLu Wins Major Defense Deal

    • Aircom Appoints New CEO

    — Paul Rainford, Assistant Editor, Europe, Light Reading

About the Author(s)

Paul Rainford

Assistant Editor, Europe, Light Reading

Paul is based on the Isle of Wight, a rocky outcrop off the English coast that is home only to a colony of technology journalists and several thousand puffins.

He has worked as a writer and copy editor since the age of William Caxton, covering the design industry, D-list celebs, tourism and much, much more.

During the noughties Paul took time out from his page proofs and marker pens to run a small hotel with his other half in the wilds of Exmoor. There he developed a range of skills including carrying cooked breakfasts, lying to unwanted guests and stopping leaks with old towels.

Now back, slightly befuddled, in the world of online journalism, Paul is thoroughly engaged with the modern world, regularly firing up his VHS video recorder and accidentally sending text messages to strangers using a chipped Nokia feature phone.

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