Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Deutsche Telekom AG : Next step in implementation of payment strategy

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/14/2012 | 10:00am CET
  • Wirecard guarantees high standards of quality and security
  • Next step in implementation of Deutsche Telekom's payment strategy

Deutsche Telekom is now working with technology and financial services provider Wirecard AG to implement its payment strategy. As part of this strategic partnership, Wirecard will put in place the technical processes for issuing the Telekom MasterCard and support Deutsche Telekom in processing payments.

"In Wirecard, we have found the best partner for card management and technical processing, taking the next step in creating an ecosystem for anything to do with mobile payment. With the technical implementation of online, store-based and mobile payment in the safe and experienced hands of specialist Wirecard, we can concentrate on our core business," explains Peter Vesco, Senior Vice President, Business Unit Payment at Deutsche Telekom.

The partnership does not only provide the technical basis for the payment card, which will be launched on the German market at the end of the year, but also covers the planned launch of Deutsche Telekom's Mobile Wallet in 2013.

"We are delighted that Deutsche Telekom has opted for a long-term partnership with us. As a technical services provider, we are in an ideal position to provide the necessary processes, such as real-time card creation, payment processing and other additional services for mobile payment," says CEO Markus Braunat Wirecard, and continues: "As an innovative solution provider for the telecommunications industry, we offer a wide range of mobile payment services, including classic and contactless cards, NFC stickers, and real-time provision of virtual cards for NFC-compatible smartphones."

About Deutsche Telekom
Deutsche Telekom is one of the world's leading integrated telecommunications companies with almost 130 million mobile customers, 33 million fixed-network lines and over 17 million broadband lines (as of June 30, 2012). The Group provides products and services for the fixed network, mobile communications, the Internet and IPTV for consumers, and ICT solutions for business customers and corporate customers. Deutsche Telekom is present in around 50 countries and has over 233,000 employees worldwide. The Group generated revenues of EUR 58.7 billion in the 2011 financial year - more than half of it outside Germany (as of December 31, 2011).

About Wirecard
Wirecard AG is one of the leading international providers of electronic payment and risk management solutions. Worldwide, the Wirecard Group supports over 13,000 companies from a wide range of industry segments in automating their payment processes and minimizing cases of default. Wirecard Bank AG is a Principal Member of Visa, MasterCard and JCB and operates as a credit card acquirer in 69 countries around the world, involving over 100 transaction currencies and 18 payout currencies. Part of the Wirecard Group, Wirecard Bank provides innovative solutions in the fields of corporate banking, prepaid and co-branded cards, along with account products for both business and private customers.
Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI).
www.wirecard.com | www.wirecardbank.com | www.mywirecard.com

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DEUTSCHE TELEKOM AG
03/24 DEUTSCHE TELEKOM : announces partnership with Gorillaz
03/23 T MOBILE US : Mobile Agrees o Sell $500.0 Million 4.000% Senior Noes Due 2022, $..
03/23 T MOBILE US : Mobile Announces Proposed Public Offering of Senior Noes
03/23 DEUTSCHE TELEKOM : Telekom Deutschland embarks on LTE-900 rollout
03/23 DEUTSCHE TELEKOM : Maierhofer appointed new CEO of T-Mobile Poland
03/23 DEUTSCHE TELEKOM : A digital safe for the master key
03/22 DEUTSCHE TELEKOM : Israeli CyberX to Secure Deutsche Telekom's Critical Industri..
03/22 DEUTSCHE TELEKOM : T-Mobile Austria offers compliant cash register system
03/22 DEUTSCHE TELEKOM : signs up new AI, security partners
03/22 ACACIA COMMUNICATIONS : to Demonstrate Coherent Ecosystem
More news
Sector news : Integrated Telecommunications Services - NEC
03/24DJOfcom Proposes Automatic Compensation for UK Telecoms Customers
03/24 YouTube's bid to grab TV dollars imperiled by advertiser revolt
03/23 U.S. Senate votes to overturn Obama broadband privacy rules
03/23 U.S. Senate votes to overturn Obama broadband privacy rules
03/23DJTELECOM ITALIA : Swings to Profit in 2016
More sector news : Integrated Telecommunications Services - NEC
News from SeekingAlpha
03/03 Deutsche Telekom's (DTEGF) CEO Tim Höttges on Q4 2016 Results - Earnings Call..
03/02 Deutsche Telekom AG 2016 Q4 - Results - Earnings Call Slides
03/02 Slowing T-Mobile cuts Deutsche Telekom growth forecast; merger more likely?
03/02 Deutsche Telekom AG reports Q4 results
02/24 ANALYST : Potential Sprint/T-Mobile merger faces numerous hurdles
Advertisement
Financials (€)
Sales 2017 76 211 M
EBIT 2017 9 513 M
Net income 2017 3 680 M
Debt 2017 54 336 M
Yield 2017 4,02%
P/E ratio 2017 19,90
P/E ratio 2018 16,31
EV / Sales 2017 1,70x
EV / Sales 2018 1,61x
Capitalization 75 509 M
More Financials
Chart DEUTSCHE TELEKOM AG
Duration : Period :
Deutsche Telekom AG Technical Analysis Chart | DTE | DE0005557508 | 4-Traders
Full-screen chart
Technical analysis trends DEUTSCHE TELEKOM AG
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 17,6 €
Spread / Average Target 9,0%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Timotheus Höttges Chairman-Management Board & CEO
Ulrich Lehner Chairman-Supervisory Board
Thomas Dannenfeldt Chief Financial Officer
Michael Sommer Member-Supervisory Board
Monika Brandl Member-Supervisory Board
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
DEUTSCHE TELEKOM AG-2.45%81 512
VERIZON COMMUNICATIONS..-6.93%202 694
NIPPON TELEGRAPH AND T..1.63%93 967
TELEFONICA SA18.42%56 803
SINGAPORE TELECOMMUNIC..7.42%45 659
EMIRATES TELECOMMUNICA..-3.99%42 746
More Results