Deutsche Telekom AG is said to be evaluating its options for selling or otherwise monetizing its stake in the Everything Everywhere joint venture in the United Kingdom, an apparent direct result of the failure of the AT&T deal to buy T-Mobile USA.
Deutsche Telekom had been counting on proceeds from that sale to support investment in fourth generation networks in Germany and elsewhere.
Deutsche Telekom and AT&T Inc. in December 2011 called off a $39 billion deal that would have allowed Deutsche Telekom to cut its debt by 13 billion euros and repurchase five billion euros of its own shares.
The problem now is that Deutsche Telekom still needs cash to accomplish those goals.
Thursday, February 16, 2012
Deutsche Telekom Evaluating Everything Everywhere Sale?
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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