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 

T-Mobile Signs Large Deals With Ericsson, Nokia Siemens Networks

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/08/2012 | 05:50pm CEST

--Ericsson, NSN chosen for T-Mobile 4G LTE build-out

--T-Mobile says cost of build-out is about $4 billion

--Ericsson says deal strengthens its position in North America

(Adds detail throughout)

 
   By Greg Bensinger and Sven Grundberg 
   Of  
 

Ericsson (ERIC) and Nokia Siemens Networks late Monday bagged a major contract from T-Mobile in the U.S., to provide equipment and services for its planned high-speed mobile broadband network.

T-Mobile, a unit of Germany-based Deutsche Telekom AG (>> Deutsche Telekom AG) has been late in upgrading its network to offer the high-speed mobile broadband service known as 4G LTE. Last year it put strategic plans on hold in anticipation of being taken over by AT&T Inc. (>> AT&T Inc.), in what became a failed $39 billion bid for the fourth-largest U.S. carrier.

T-Mobile announced the agreements at a conference in New Orleans on Monday.

The network deals with Ericsson and NSN, spanning about three years, will help T-Mobile build a 4G network to cover major markets starting next year to compete with Verizon Wireless, AT&T, and Sprint Nextel Corp. (S).

In an interview, Thomas Noren, head of radio products at Sweden's Ericsson, described the contract as "very important" for the Swedish company.

T-Mobile will build the network over the next few years at a cost of about $4 billion and is using funds and wireless airwaves it won from AT&T following the failed takeover bid.

"This is a major contract which strengthens our position on the North American market," Noren said. "Ericsson has been very successful when it comes to LTE in North America, and we have been chosen to deploy LTE by all major operators in the region."

He added that all the competing major network wireless vendors, which include companies such as Alcatel-Lucent (ALU) and China's Huawei Technologies Co., were competing for the T-Mobile contract.

The deal is also important for NSN, the loss-making network joint venture of Siemens AG (SI) and Nokia Corp. (NOK), which has had a hard time competing for network infrastructure contracts against market leader Ericsson and rapidly growing Huawei.

In 2010, NSN launched a bid for the wireless networks business of Motorola Solutions Inc., to strengthen its position with major U.S. carriers. The deal was completed in April last year.

-By Greg Bensinger and Sven Grundberg, Dow Jones Newswires; 212-416-4676; [email protected]

Stocks mentioned in the article : Deutsche Telekom AG, AT&T Inc.
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DEUTSCHE TELEKOM AG
04/29 T MOBILE US : Mobile employees ake grea pride in giving back o he communiy -Mobi..
04/29 TELECOM STOCK ROUNDUP : Verizon, AT&T Disappoint in Q1; T-Mobile US Outperforms
04/28 T-MOBILE US, INC. (NASDAQ : TMUSP) Files An 8-K Entry into a Material Definitive..
04/28 T-MOBILE US, INC. : Entry into a Material Definitive Agreement, Termination of a..
04/28 DEUTSCHE TELEKOM : "No one is talking about digitization"
04/26 DEUTSCHE TELEKOM : More speed for Trumpf
04/25 DEUTSCHE TELEKOM : Publishes 2016 CR Report
04/25 DUTCH COURT SAYS T-MOBILE US INC (NA : TMUS) Not In Violation Of Net Neutrality
04/25 DEUTSCHE TELEKOM : T-Systems supports REWE digital’s customer service
04/25 T-Mobile adds 1.1 million subscribers in 1Q as rival Verizon loses customers
More news
Sector news : Integrated Telecommunications Services - NEC
04/29 SHAW COMMUNICATIONS EXPLORES SELLING : sources
04/27 Comcast profit tops views on subscriber growth, movie hits
04/27 Comcast profit tops views on subscriber growth, movie hits
04/27DJVODAFONE : Proximus Renew Strategic Partnership
04/26 TSX slips on U.S. trade worries; Home Capital slumps
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 76 463 M
EBIT 2017 9 400 M
Net income 2017 3 621 M
Debt 2017 50 086 M
Yield 2017 4,06%
P/E ratio 2017 20,92
P/E ratio 2018 16,85
EV / Sales 2017 1,64x
EV / Sales 2018 1,56x
Capitalization 75 298 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 29
Average target price 17,5 €
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
Claudia Nemat Head-Technology & Innovation
Michael Sommer Member-Supervisory Board
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
DEUTSCHE TELEKOM AG-1.56%82 024
VERIZON COMMUNICATIONS..-13.99%187 284
NIPPON TELEGRAPH AND T..-2.91%89 629
TELEFONICA SA15.14%55 728
SINGAPORE TELECOMMUNIC..2.75%43 746
EMIRATES TELECOMMUNICA..-6.65%41 325
More Results