German telecoms giant Deutsche Telekom reported better-than-expected second-quarter earnings, with the company revising its full-year guidance for the second time, thanks to strong performance by its US T-Mobile unit and the development of its European activities. In particular, adjusted earnings before interest, taxes, depreciation and amortization after leases (EBITDA AL) rose to €9.9 billion, beating […]
Tag: Deutsche Telekom
Deutsche Telekom: New vote of confidence in Greece
The announcement of another large investment by Deutsche Telekom, the main shareholder of OTE, a few days ago, came to reaffirm the confidence of the global telecommunications giant in the country. This is the Telekom IT hub, the new IT and Software center of Deutsche Telekom in the center of Thessaloniki. The company had declared […]
Deutsche Telekom: Sells 51% of telecom tower business for €17.5bn
Deutsche Telekom has agreed to sell 51% of its telecommunications tower business to a joint venture of the Canadian company Brookfield and the American private equity firm DigitalBridge, following their offer of 17.5 billion euros. Brookfield had initially submitted a binding bid jointly with Spanish telecoms company Cellnex, but it withdrew on Wednesday. The German […]
Thessaloniki DT and OTE aspire to become one of the most modern IT Hubs in Europe
Greece is strengthening its competitiveness in the IT and technology sectors. Deutsche Telekom, in collaboration with OTE, proceeded to create the “Information and Software” center of the Deutsche Telekom group in the center of Thessaloniki, which will bear the trade name “T-Digital”. The aim is to transform it into one of the most modern IT […]
Thessaloniki: Over 500 employees at the Deutsche Telecom hub by 2024
Over 500 people are estimated to be employed by the IT hub of Deutsche Telecom (DT) in Thessaloniki by 2024, as revealed today by high-ranking executives of OTE, on the occasion of the visit of the Minister of Digital Governance, Kyriakos Pierrakakis, to hub facilities. Already, as of last week, the first 258 IT scientists, […]
Deutsche Telekom’s new major investment in Greece: IT and Software center in Thessaloniki
Deutsche Telekom confirms its confidence in Greece and its development prospects by investing in the creation of an Information Technology and Software center (Telekom IT hub) in the country’s second largest city, Thessaloniki. Its work has already started, with IT Experts being gradually transferred from abroad. More than 200 additional IT professionals will be hired […]
Deutsche Telekom’s stake in OTE reached 50%
On May 13, 2022, DEUTSCHE TELEKOM notified OTE SA that on the same day, its share of the total voting rights amounted to 50.00%. The purchases of OTE’s own shares in the framework of the Own Shares Acquisition Program resulted in the increase of DT’s participation in OTE to 50.00%, given that the voting rights […]
Deutsche Telekom’s results are better than estimates
Deutsche Telekom reported quarterly earnings and revenue higher than expected, mainly thanks to its US subsidiary T-Mobile, along with growth in its European operations, and upgraded its outlook for the year. Adjusted EBITDA AL stood at 9.87 billion euros, compared to estimates for 9.55 billion euros. Revenue for the first quarter rose 6.2% to 28 […]
Deutsche Telekom: Closer to acquiring control of T-Mobile US
Deutsche Telekom has paid $ 2.4 billion to SoftBank Group to increase its stake in T-Mobile US, and is moving closer to its goal of acquiring a majority stake in the US subsidiary. The German telecommunications company now owns 48.4% of the company, having bought 21.2 million shares with an average price of $ 113 […]
The Phaistos fund starts the investments with funds of 100 million euros
Of Costa Ketsietzis The Phastos investment fund, which was created to promote the development of applications on the fifth generation (5G) mobile networks, starts its investment activity with funds of the order of 100 million euros. 5G Ventures, a company of the Super Fund that manages the Phaistos Fund, announced yesterday the completion of the […]