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OFFON

DEUTSCHE TELEKOM AG

(DTE)
  Report
Delayed Quote. Delayed Xetra - 10/21 11:39:12 am
16.51 EUR   -0.12%
10/21DEUTSCHE TELEKOM AG : Gets a Buy rating from Jefferies
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10/21CIENA : New 400GE service from Deutsche Telekom Global Carrier - Ciena
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10/21DEUTSCHE TELEKOM : Air for SMEs
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Deutsche Telekom, Cellnex Telecom to Merge Dutch Mobile Communications Infrastructure Companies

01/21/2021 | 03:02am EDT

By Mauro Orru

Deutsche Telekom AG said Thursday that it has signed an agreement with Cellnex Telecom SA to merge their Dutch mobile communications infrastructure companies into Cellnex Netherlands BV.

The German telecommunications company said it would combine its Dutch telecommunications tower business T-Mobile Infra BV with Cellnex's subsidiary Cellnex NL to create the largest independent cell mobile tower company in the Netherlands, with around 4,310 sites.

Deutsche Telekom will transfer T-Mobile Infra to the newly established and independently managed fund Digital Infrastructure Vehicle, receiving a cash payment of 250 million euros ($302.7 million).

Deutsche Telekom will make a capital commitment of around EUR400 million to the fund, with Cellnex agreeing to commit EUR200 million.

The fund will have a 38% stake in the merged tower company, with Cellnex retaining 62%.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

01-21-21 0301ET

Stocks mentioned in the article
ChangeLast1st jan.
CELLNEX TELECOM, S.A. 1.41% 54.8 Delayed Quote.28.24%
DEUTSCHE TELEKOM AG -0.12% 16.51 Delayed Quote.10.40%
T-MOBILE US -4.17% 116.85 Delayed Quote.-13.35%
All news about DEUTSCHE TELEKOM AG
10/21DEUTSCHE TELEKOM AG : Gets a Buy rating from Jefferies
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10/21CIENA : New 400GE service from Deutsche Telekom Global Carrier - Ciena
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Analyst Recommendations on DEUTSCHE TELEKOM AG
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Financials
Sales 2021 107 B 125 B 125 B
Net income 2021 4 410 M 5 127 M 5 127 M
Net Debt 2021 128 B 148 B 148 B
P/E ratio 2021 17,2x
Yield 2021 3,68%
Capitalization 78 314 M 91 191 M 91 056 M
EV / Sales 2021 1,92x
EV / Sales 2022 1,87x
Nbr of Employees 221 909
Free-Float 81,3%
Chart DEUTSCHE TELEKOM AG
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Deutsche Telekom AG Technical Analysis Chart | DTE | DE0005557508 | MarketScreener
Technical analysis trends DEUTSCHE TELEKOM AG
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 24
Last Close Price 16,51 €
Average target price 22,57 €
Spread / Average Target 36,7%
EPS Revisions
Managers and Directors
Timotheus Höttges Chairman-Management Board & CEO
Christian P. Illek Chief Financial Officer
Ulrich Lehner Chairman-Supervisory Board
Claudia Nemat Chief Technology & Innovation Officer
Lothar Schröder Vice Chairman-Supervisory Board
Sector and Competitors