Mergers & Acquisitions

Deutsche Telekom and Cellnex have agreed to combine radio tower business in the Netherlands and become anchor investors in newly established infrastructure fund. The €0.7bn divesture of Deutsche Telekom’s Dutch mobile tower business consists of €0.3bn in cash proceeds and a €0.4bn stake in the new fund.

Deutsche Telekom has issued 225m new shares valued at €20 each to SoftBank. In return, SoftBank has sold around 45m TMUS shares to Deutsche Telekom at an average price of $118 per share. DT bought a further 20m shares in T-Mobile US from SoftBank with $2.4bn of the proceeds from the Dutch sale.

Deutsche Telekom and Tele2 AB have sold T-Mobile Netherlands Holding B.V. (“T-Mobile NL”) to Apax Partners LLP and Warburg Pincus LLC for €5.1bn.

Deutsche Telekom and the Japanese tech investor Softbank have been among the main investors in a $50m funding round by the IoT connectivity startup 1nce.

Deutsche Telekom has announced a long-term partnership with IFM Global Infrastructure Fund. IFM Global Infrastructure Fund takes a 50% stake in GlasfaserPlus GmbH for €0.9bn.

Deutsche Telekom and SoftBank have agreed on revised T-Mobile US shareholder structure with Deutsche Telekom receiving call options for 101m shares and SoftBank being allowed to sell up to 193m shares.

OTE has sold its entire stake in Telekom Albania Sh.A. to Albania Telecom Invest AD for €0.05bn.

Deutsche Telekom and EWE have launched their joint venture “Glasfaser NordWest”, investing up to €2bn in FTTH expansion over ten years.

The Group has acquired a 25% holding in leading eSports business SK Gaming. Deutsche Telekom has been SK Gaming’s primary sponsor and technology partner since mid-2018.

T-Mobile US and Sprint have announced a merger in an all-stock transaction with a total implied enterprise value of ~$150bn for the combined company, corresponding to an exchange rate of 9.75 Sprint Shares per new T-Mobile US Share.

Deutsche Telekom has sold its entire remaining stake of 10% in Scout24 for €0.32bn.

T-Mobile Austria has acquired UPC Austria for €1.9bn, corresponding to a 6.8x EBITDA multiple.

T-Mobile Netherlands has acquired Tele2 NL for €0.2bn in cash and a stake of 25% in the combined company.

Deutsche Telekom and Orange S.A. have sold their U.K. joint venture E.E. for £12.5bn to the British telecommunications operator B.T. Group plc. Deutsche Telekom received a 12% shareholding in B.T.

Deutsche Telekom has sold Strato AG for €0.6bn to United Internet AG, corresponding to a 12.4x EBITDA multiple.

Deutsche Telekom has sold t-online.de and InteractiveMedia to Ströer and received Ströer shares worth €0.3bn.

Deutsche Telekom has acquired the remaining 49% stake of Slovak Telekom for €0.9bn, corresponding to a 3.8x EBITDA multiple.

Deutsche Telekom has acquired the remaining 39% stake in T-Mobile Czech Republic for €0.8bn.

Acquisition of 100% from Aurelius for undisclosed price. Rationale: strengthen position in eHealth business.

MetroPCS has agreed to conduct a reverse stock split and pay out $1.5bn in cash to its existing shareholders. It agreed to issue new stock worth about 74% to T-Mobile USA’s parent, Deutsche Telekom afterwards, leaving existing MetroPCS investors with a 26% stake.

Deutsche Telekom has acquired GTS Central Europe for €0.5bn, strengthening its position in the business-to-business segment.

Deutsche Telekom has announced the signing of a definitive agreement to sell a 70% stake in Scout24 Holding GmbH to Hellman & Friedman LLC at an enterprise value of €1.5bn. Deutsche Telekom retained a 30% stake in the Company.

Slovak Telekom took over DIGI Slovakia for €1bn to extend its TV. After months of negotiations, the Romanian ownerofferingss have approved the purchase agreement.

OTE announces an agreement to sell its 100% stake in Cosmo Bulgaria Mobile EAD (Globul) and Germanos Telecom Bulgaria (Germanos) to Telenor, the Norwegian telecom operator. The agreement consideration reached €0.7bn (enterprise value).

Greek carrier OTE has agreed to sell its 99.05% stake in Hellas Sat to Saudi Arabian-based satellite provider Arabsat for €0.2bn as part of its continued monetization of non-core business assets.

T-Mobile US announced the conclusion of a framework agreement with Crown Castle regarding the lease-leaseback of 6,400 wireless communication towers and the sale of a further 800 owned by DT's US subsidiary. Subject to a one-off payment of $2.4bn.

Sale of 20% stake in Telekom Srbija for EUR 0.4 billion, to monetize non-core business assets.

AT&T and Deutsche Telekom terminate the agreement on the sale of T-Mobile USA. AT&T paid Deutsche Telekom $3bn in cash.

Deutsche Telekom and France Télécom-Orange procurement joint venture BUYIN, commenced operations. Targeted an annual run rate of €1.3bn in combined savings to be generated after three years of implementation.

Deutsche Telekom acquired an additional 10% stake in OTE for €0.4bn to increase ownership.

Deutsche Telekom has agreed with the French telecommunications group Orange to merge its subsidiaries in the United Kingdom into a joint venture. The new company will operate under the name Everything Everywhere.

Deutsche Telekom entered into an agreement to secure undisputed ownership over Polish mobile operator PTC, and increased its stake in PTC to 100%, making it the sole shareholder.