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4-Traders Homepage  >  Equities  >  Xetra  >  Deutsche Telekom    DTE   DE0005557508

DEUTSCHE TELEKOM (DTE)
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T-Mobile rolls out buyback plan after Sprint deal talks collapse

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12/06/2017 | 04:34pm CET
FILE PHOTO:    T-Mobile logo is advertised on building sign in Los Angeles

T-Mobile US Inc (>> T-Mobile US) said its board approved the U.S. wireless carrier's first-ever buyback program, a month after the company and rival Sprint Corp (>> Sprint Corp) ended their deal talks.

T-Mobile US Inc (>> T-Mobile US) said its board approved the U.S. wireless carrier's first-ever buyback program, a month after the company and rival Sprint Corp (>> Sprint Corp) ended their deal talks.

Deutsche Telekom AG (>> Deutsche Telekom), which holds over 60 percent in T-Mobile, also plans to purchase additional shares, T-Mobile said on Wednesday.

The buyback of up to $1.5 billion of shares would start from Thursday and take place through Dec. 31, 2018, T-Mobile said.

"Coming off the Sprint deal with significant shareholder rotation happening, we think that we have a tremendous value here," CFO Braxton Carter said at the UBS Global Media and Communications Conference on Wednesday.

Combined with Deutsche Telekom's planned repurchases, the program could approach the $2 billion level, Carter said.

"(Deutsche Telekom) is finalizing plans right now," Carter said.

Through the buyback, Deutsche Telekom aims to hold its stake broadly steady, within a range of 1-2 percentage points, a source familiar with the matter told Reuters.

The issue of control was one of several deal-breakers in the T-Mobile-Sprint talks and the buyback would strengthen Deutsche Telekom's hand in any future merger talks.

Carter also said the company was focused on smaller, "tuck-in" acquisitions. "We think there's a lot of potential out there," he said. "That would be another use of cash."

T-Mobile's shares were up 1.3 percent at $61.73.

(Reporting by Laharee Chatterjee and Aishwarya Venugopal in Bengaluru, Anjali Athavaley in New York and Douglas Busvine in Frankfurt; Editing by Sriraj Kalluvila)

Stocks treated in this article : Deutsche Telekom, Sprint Corp, T-Mobile US
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Financials (€)
Sales 2017 75 125 M
EBIT 2017 9 739 M
Net income 2017 3 571 M
Debt 2017 55 113 M
Yield 2017 4,37%
P/E ratio 2017 20,01
P/E ratio 2018 16,73
EV / Sales 2017 1,70x
EV / Sales 2018 1,65x
Capitalization 72 374 M
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Number of Analysts 30
Average target price 17,4 €
Spread / Average Target 15%
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Managers
NameTitle
Timotheus Höttges Chief Executive Officer
Ulrich Lehner Chairman-Supervisory Board
Thomas Dannenfeldt Chief Financial Officer
Claudia Nemat Head-Technology & Innovation
Michael Sommer Member-Supervisory Board
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