With its deal to sell T-Mobile US Inc. to AT&T Inc. (NYSE: T) in tatters, Deutsche Telekom is playing it cool as it deals with the strategic fallout, reports Reuters. Today's discussion in the DT boardroom is likely to focus on what to do with the breakup proceeds, which comprise US$3 billion in cash and "a large package of mobile communications spectrum and a long-term agreement on UMTS roaming within the U.S. for T-Mobile USA." DT's share price was down 1.3 percent to €8.78 in late-morning trading on the Frankfurt exchange. (See AT&T Drops Bid to Acquire T-Mobile.)
While the agreed-upon value of the AT&T/T-Mobile USA breakup deal is $4 billion, DT's CEO Rene Obermann told reporters that the actual value of the package, which includes Advanced Wireless Spectrum (AWS) capacity in 128 markets and a 3G roaming deal that will last at least seven years, is $6 billion, reports Bloomberg.
BT has won two five-year services and IT equipment deals with the European Parliament worth up to €120 million ($157 million). The services BT will provide to sites in Brussels, Luxembourg and Strasbourg include VoIP, unified communications, conferencing, Internet access and security.
Dutch digital security and authentication specialist Gemalto has acquired Plano, Texas-based SensorLogic, which has developed a cloud-based, machine-to-machine (M2M) service delivery platform.