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:

    — Paul Rainford, Assistant Editor, Europe, Light Reading

  • digits 12/5/2012 | 4:54:55 PM
    re: Euronews: DT Slumps Following AT&T Bombshell

    According to this Bloomberg report DT doesn't have an alternative strategy for T-Mobile USA as it was so confident the deal to sell to AT&T would go through...



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