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Softbank starts talks with DT on T-Mobile takeover - report
2014-01-20 08:52:00| Telecompaper Headlines
(Telecompaper) Softbank has entered direct talks with Deutsche Telekom to resolve obstacles to a potential merger of their US mobile operators, Sprint and T-Mobile, people with knowledge of the matter told Bloomberg. While SoftBank has assurances from banks that financing for a deal will be available, an agreement could still take months to reach, the report said. Unresolved issues include how much cash and stock SoftBank will pay for Deutsche Telekom's 67 percent stake in T-Mobile US, and how Sprint and T-Mobile will be integrated. Deutsche Telekom wants an all-cash offer for T-Mobile, which has a market value of about USD 26 billion, and SoftBank is trying to finance a deal to provide as much cash as possible, one of the sources said. Also still to be resolved are the size of a breakup fee in case regulators strike down a deal, two of the people said. Separately, Deutsche Telekom CEO Tim Hoettges told Bloomberg that the company had recouped its investment in T-Mobile US, with an increase in the unit's value compensating for the EUR 7.4 billion writedown on the asset in 2012. In an interview, Hoettges said the value of T-Mobile US was back at the same level as when the company considered a sale of the US operator to AT&T. This means the 67 percent stake is worth around USD 42 billion. The CEO declined to comment on whether DT is in talks again to sell T-Mobile US.
Tags: report
starts
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takeover
Red Tractor Pork Promotion Starts on Wednesday
2014-01-20 01:00:00| ThePigSite - Industry News
UK - BPEX's new TV advertising campaign for Red Tractor Pork begins this week on Wednesday 22 January.
Tags: red
wednesday
promotion
starts
TDOT starts to demolish bridge in Fayette County
2014-01-18 14:51:05| Air Courier - Topix.net
It's part of a 10-million dollar project to construct a new interchange at I-40 and SR 222.
Tags: county
bridge
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fayette
Happy Family Starts The New Year Right By Introducing Two New Tasty Treats For Toddlers
2014-01-17 04:23:17| dairynetwork Home Page
Happy Family , the leading premium organic baby and toddler food brand founded and operated by moms, today announces the launch of two new products perfect for growing toddlers. Happy Tot Best Friends toddler cookies and Happy Tot Morning breakfast blends will be an extension to the brand’s already extensive portfolio of delicious and nutrition-packed foods for baby and toddler
Petron Energy II Inc. Starts EOR On Oklahoma Leases
2014-01-16 09:23:00| OGI
Petron Energy II Inc. Starts EOR On Oklahoma Leases
Tags: energy
starts
oklahoma
leases
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