Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

DEUTSCHE TELEKOM AG

(DTE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Deutsche Telekom says it won't attend Mobile World Congress

05/31/2021 | 08:01am EDT

BERLIN, May 31 (Reuters) - Deutsche Telekom will not attend the Mobile World Congress in Barcelona in a month's time because of continuing health risks from the COVID-19 pandemic, it said on Monday, joining other leading companies who have pulled out.

The withdrawal deals a fresh blow to the GSMA industry association that hosts the event, which was cancelled last year at the last minute while this year's edition was pushed back to the end of June to maximise its chances of happening.

"At the present time, we still do not believe it is justifiable to take this risk for a large number of our employees," the Bonn-based group said in a statement issued to Reuters.

Deutsche Telekom becomes the first major network operator to pull out of this year's get together, following network equipment makers Nokia and Ericsson and smartphone maker Samsung.

GSMA - which represents more than 750 telecoms operators worldwide - said on May 20 the industry's biggest annual gathering could go ahead as planned after the Spanish authorities approved its health and safety plan.

The lobby group, which laid off more than 40% of its staff after last year's show was cancelled, can ill afford another washout. In normal years, the show attracts more than 100,000 visitors and delivers a boost to the local economy.

Deutsche Telekom said instead of attending, it would organise an online event at which it would showcase its latest technology. The Telekom Tech Grounds event will be held on June 28-29.

Orange, the leading French network operator, said it still planned to attend the Mobile World Congress. (Reporting by Douglas Busvine, Additional reporting by Mathieu Rosemain Editing by Riham Alkousaa and David Evans)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE TELEKOM AG -1.01% 17.506 Delayed Quote.17.06%
ERICSSON -0.11% 98.87 Delayed Quote.1.26%
NOKIA OYJ -0.08% 5.171 Delayed Quote.64.11%
ORANGE 0.88% 9.395 Real-time Quote.-3.48%
SAMSUNG ELECTRONICS CO., LTD. -0.63% 78500 End-of-day quote.-3.09%
All news about DEUTSCHE TELEKOM AG
07/30DEUTSCHE TELEKOM AG : Preliminary announcement of the publication of quarterly r..
EQ
07/30DEUTSCHE TELEKOM AG : JP Morgan reiterates its Buy rating
MD
07/29DEUTSCHE TELEKOM AG : Deutsche Bank maintains a Buy rating
MD
07/29DEUTSCHE TELEKOM : European Commission approves acquisition of Telekom Romania b..
AQ
07/28DEUTSCHE TELEKOM : Download (pdf, 125.5 KB)
PU
07/27DEUTSCHE TELEKOM : Unit Extends Partnership With Google Cloud
MT
07/27DEUTSCHE TELEKOM : Joint Innovation from T-Systems and Google Cloud
PU
07/26DEUTSCHE TELEKOM AG : Buy rating from Jefferies
MD
07/26DEUTSCHE TELEKOM AG : Goldman Sachs reiterates its Buy rating
MD
07/26DEUTSCHE TELEKOM : Innovative and inspiring training
PU
More news
Financials
Sales 2021 107 B 126 B 126 B
Net income 2021 4 383 M 5 201 M 5 201 M
Net Debt 2021 128 B 152 B 152 B
P/E ratio 2021 18,2x
Yield 2021 3,50%
Capitalization 83 039 M 98 504 M 98 542 M
EV / Sales 2021 1,98x
EV / Sales 2022 1,91x
Nbr of Employees 224 385
Free-Float 85,1%
Chart DEUTSCHE TELEKOM AG
Duration : Period :
Deutsche Telekom AG Technical Analysis Chart | DTE | DE0005557508 | MarketScreener
Technical analysis trends DEUTSCHE TELEKOM AG
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 24
Last Close Price 17,51 €
Average target price 21,79 €
Spread / Average Target 24,5%
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