DGAP-Adhoc: Deutsche Telekom AG: New York Court decides in favor of T-Mobile Sprint Merger

2020. február 11., kedd, 14:50





DGAP-Ad-hoc: Deutsche Telekom AG / Key word(s): Mergers & Acquisitions


Deutsche Telekom AG: New York Court decides in favor of T-Mobile Sprint Merger


11-Feb-2020 / 14:50 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




Bonn, February 11th, 2020


New York Court decides in favor of T-Mobile Sprint Merger


In the lawsuit of state attorneys-general of 13 US federal states and the District of Columbia against the merger of T-Mobile US Inc. and Sprint Corp. at the United District Court for the Southern District of New York, Judge Victor Marrero today ruled in favor of the merger.


Thereby, the Court ruled in accordance with the previous positive decisions of the competent federal authorities, the Committee on Foreign Investment in the United States (CFIUS), the Federal Communications Commission (FCC) and the Department of Justice (DoJ).


Following this ruling, T-Mobile US and Sprint will pursue their planned merger as intended. It has to be taken into account, however, that the plaintiff states have legal remedies against the ruling at their disposal.



 






Information and Explanation of the Issuer to this News:


Disclaimer

This message contains forward-looking statements that reflect the current views of Deutsche Telekom"s management with respect to future events. They are generally identified by the words "expect," "anticipate," "believe," "intend," "estimate," "aim," "goal," "plan," "will," "seek," "outlook," or similar expressions and include generally any information that relates to expectations or targets for revenue, adjusted EBITDA, adjusted EBITDA AL or other performance measures. Forward-looking statements are based on current plans, estimates, and projections. You should consider them with caution. Such statements are subject to risks and uncertainties, most of which are difficult to predict and are generally beyond Deutsche Telekom"s control. They include, for instance, the progress of Deutsche Telekom"s staff-related restructuring measures and the impact of other significant strategic or business initiatives, including acquisitions, dispositions, and business combinations. In addition, movements in exchange rates and interest rates, regulatory rulings, stronger than expected competition, technological change, litigation, and regulatory developments, among other factors, may have a material adverse effect on costs and revenue development. If these or other risks and uncertainties materialize, or if the assumptions underlying any of these statements prove incorrect, Deutsche Telekom"s actual results may be materially different from those expressed or implied by such statements. Deutsche Telekom can offer no assurance that its expectations or targets will be achieved. Without prejudice to existing obligations under capital market law, Deutsche Telekom does not assume any obligation to update forward-looking statements to account for new information or future events or anything else.

In addition to figures prepared in accordance with IFRS, Deutsche Telekom presents alternative performance measures, e.g., EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDA AL, adjusted EBITDA margin, adjusted EBIT, adjusted EBIT margin, adjusted net profit/loss, free cash flow, gross debt, and net debt. These measures should be considered in addition to, but not as a substitute for, the information prepared in accordance with IFRS. Alternative performance measures are not subject to IFRS or any other generally accepted accounting principles. Other companies may define these terms in different ways. For further information relevant to alternative performance measures, please refer to the section "Management of the Group," page 38 et seq., of the annual report on the financial year 2017 or to Deutsche Telekom"s Investor Relations website at www.telekom.com/alternative-performance-measures.


 



 








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Language: English
Company: Deutsche Telekom AG

Friedrich Ebert Allee 140

53113 Bonn

Germany
Phone: +49 (0)228 181-88880
Fax: +49 (0)228 181-88899
E-mail: investor.relations@telekom.de
Internet: www.telekom.com
ISIN: DE0005557508
WKN: 555750
Indices: DAX, TecDAX, EURO STOXX 50
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange; London, Amsterdam, NYSE, OTC QX, Tokyo
EQS News ID: 972673





 
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972673  11-Feb-2020 CET/CEST







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