Deutsche Telekom/60 percent sell T USA

Deutsche Telekom is now considering selling T America, but the price is likely to be less than 60% of the original investment, after Beijing time, March 9 afternoon, after betting 28.5 billion of billions of dollars to gain a place in the US mobile market. Deutsche Telekom is Europe's largest telecoms operator. People familiar with the matter said the company was negotiating with Sprint Nextel to sell its US assets. According to the 12.4 times-fold median price-earnings ratio of global mobile operators, the T U.S. market capitalisation is about $16.8 billion trillion.　　This is 41% less than Deutsche Telekom's May 2001 acquisition of VoiceStream Wireless and Powertel. Deutsche Telekom has created T America through the two deals, but the company now wants to find a buyer for T. Over the past 5 years, T has seen a 4-year decline in profits, with registered users gradually losing out to rivals. After merging with the sprint, the total registered users of the two companies are still less than Verizon Wireless or at&t, and the two companies ' wireless networks are incompatible.　　Analysts estimate that the sprint will lose for the fifth consecutive year. "T America is not a good investment, and Deutsche Telekom is at best a tepid participant, and their determination to tackle the market has never been too strong."　　Peter Solentino Peter Sorrentino said he helped us asset management companies Huntington manage 14.4 billion of billions of dollars in assets. Merging T with Sprint "will require one of the companies to completely refactor the user base," he said. "These two companies are incompatible." "Deutsche Telekom will occupy a majority stake in the merged company, but the two sides have yet to reach an agreement on the value of T us," said a person familiar with the merger of assets.　　There have been reports of a decline in profits in the fourth quarter of T. "Overall, the options in the US market can be considered-including all or part of the sale." "Deutsche Telecom CFO Timohus Hotegis (Timotheus hoettges) said by e-mail yesterday.　　He also said the company would look for a partner to sell shares or reach a network deal.　　A sprint spokeswoman declined to comment.　　People close to the situation said Morgan Stanley would provide advisory services to Deutsche Telekom, while the sprint chose Goldman Sachs.　　The market capitalisation of Deutsche Telekom and Sprint was 43.3 billion euros (about 60.1 billion U.S. dollars) and 14.2 billion dollars, respectively, before the news was exposed to the media. Extremely complex "consolidation of these two companies will certainly be extremely complex, but it can solve their own problems." and the ability to take advantage of the market, which is always good for pricing. "US investment bank Sanford C. Bernstein& Co.　　Robin Bienenstock, an analyst in London, said he gave Deutsche Telekom a "Robin Binenstock" (outperform) stock rating. T US net profit last year fell 7.9%, about $1.35 billion trillion.　　T us is worth about $16.8 billion, according to a median price-earnings ratio of 12.4 times times the number of mobile operators with global market capitalisation of more than $1 billion trillion.　　At&t, America's second-largest operator, has a static P/E ratio of 13.1 times times. t the average city net rate of the US's three major competitors is 5.8 times times.　　The company does not include a net debt of about $15.9 billion as a result of the T us last year's EBITDA (earnings before interest, tax, depreciation and amortization) of USD 5.48 billion. Michael Nelson, a telecoms industry analyst at VoiceStream and Powertel Securities USA, reckons that T is worth about $14 billion trillion, assuming Deutsche Telekom will dominate the majority stake.　　Michael Kovacocy, an analyst at Evolution Nomura in London, estimates that the T us could be worth 15 billion to 20 billion dollars. Deutsche Telekom formed T America after acquiring VoiceStream and Powertel.　　Deutsche Telekom issued 1.02 billion shares to VoiceStream's owners and paid 4.23 billion of dollars in cash, while Powertel shareholders received 148 million shares of Deutsche Telekom. The deal was completed on May 30, 2001, with Deutsche Telekom closing at 24.60 euros on the day.　　According to this figure, the value of the two companies at that time amounted to $28.5 billion. When the VoiceStream was announced in July 2000, Deutsche Telekom initially agreed to pay 50.7 billion dollars, a figure that did not include debt.　　But as the technology bubble then began to burst, the two companies ' shares fell, and Deutsche Telekom lowered its offer. At the end of the deal, VoiceStream and Powertel shareholders received about € 28.7 billion of their total assets from Deutsche Telekom.　　But with Deutsche Telekom's closing price of 10.01 euros yesterday, this figure is less than 17 billion euros. Sprint spent $45.9 billion in August 2005 to buy Nextel Communications, which includes debt. But after the deal is complete, the company is losing money every year except for one year. As the sprint has been slow to fully compatible with the Nextel network, users have complained about the quality of their calls andHave switched to other carriers.　　Srpint has already lost most of the assets of the acquisition. "Sprint's recent acquisitions have underperformed," said Joseph Bonner, a stock analyst at Joseph Bonna Argus, a US investment firm. "Now they want to add an incompatible network." It's going to be fun. "Analysts predict that Sprint could not achieve net earnings 2014 years ago." The company's share price has fallen 80% since the takeover of Nextel. In the same period, the standard Poole 500 Communication Service index rose 33%.　　Since the merger of Sprint and Nextel, At&t's shares have risen 55%, while Verizon Communications has risen 65%. "Most mergers and acquisitions experts don't care about previous deals, they always value synergies, cost compression and scale." The goal of mergers and acquisitions is to integrate buyers and sellers. Whether it is a good investment is a secondary issue. "said Matt McCormick, Bahl & Gaynor investment manager at the US investment consultancy, which manages 3.2 billion dollars." (Ding Macro)