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Deutsche Telekom lowers forecast due to marketing drive

German telecommunications giant Deutsche Telekom on Thursday dialled down its forecast for the year due to outlays tied to an aggressive US marketing offensive. It expects full-year earnings before interest, tax, depreciation and amortisation (Ebitda) to reach around 17.5 billion euros ($23.3 billion), down slightly from the 18 billion euros originally projected. The company said that heavy investment in promoting its T-Mobile US unit, long a drag on Telekom's earnings, explained the lower forecast.

T-Mobile adds more customers on marketing push

NEW YORK (Reuters) - T-Mobile US <TMUS.N> posted a 16 percent decrease in quarterly adjusted EBITDA due to higher promotional expenses, which in turn helped the No. 4 U.S. mobile service provider add more customers. The company, which is 74 percent owned by Deutsche Telekom AG <DTEGn.DE> and merged with smaller rival MetroPCS in April, was helped by its Apple Inc iPhone <AAPL.O> launch and marketing of a new pricing policy.

MetroPCS doubles operating markets to compete with Leap

By Sinead Carew NEW YORK (Reuters) - T-Mobile US Inc, the No. 4 U.S. mobile service provider, said on Thursday that its MetroPCS prepaid wireless business has doubled the number of markets where it operates, putting it head-to-head against smaller rival Leap Wireless in many of its new markets. Both Leap, which agreed to be bought by No 2 U.S. mobile service provider AT&T Inc, and MetroPCS, which merged with T-Mobile less than three months ago, target cost-conscious customers who pay for calls in advance.

AT&T to buy Leap Wireless, Cricket brand, for about $1.2 billion

LOS ANGELES, Calif. - AT The purchase gives the nation's No. 2 cellphone carrier a leg-up in serving customers who prefer not to have lengthy contracts. Leap's Cricket service has 5 million subscribers. The deal also gives AT

T-Mobile US stock jumps in debut trading after absorbing MetroPCS to bulk up, compete better

NEW YORK, N.Y. - Wall Street gave T-Mobile US Inc., the new-born combination of T-Mobile USA and MetroPCS, a warm welcome on its first day of trading. The stock was at $16.45 in midday trading Wednesday, up 87 cents, or 5.5 per cent, from the value of MetroPCS shares at Tuesday's close. That suggests the combined company is attracting new investor interest.

T-Mobile USA set to close acquisition of MetroPCS, beefing up 4th-largest US cell company

NEW YORK, N.Y. - T-Mobile USA, the country's fourth-largest cellphone carrier, is set to complete its acquisition of MetroPCS after the stock market closes on Tuesday. T-Mobile is adding 9 million MetroPCS customers to its own 34 million. The combined company will stall lag No. 3 Sprint Nextel Corp. in size.

T-Mobile USA-MetroPCS tie-up to be completed next week

Deutsche Telekom said Wednesday that the merger of its subsidiary T-Mobile USA with rival wireless carrier MetroPCS was due to be completed next week after approval by MetroPCS shareholders. The German telecommunications giant said in a written statement that it applauded the decision by MetroPCS shareholders to approve the agreement at their meeting in Texas on Wednesday. The move "clears the path for a new, combined, larger and more powerful mobile services provider in the USA", the Deutsche Telekom statement said.

Deutsche Telekom sweetens T-Mobile-MetroPCS pitch

Deutsche Telekom AG on Wednesday said it submitted final, sweetened terms it hoped will win shareholder backing for a merger of subsidiary T-Mobile USA with rival wireless carrier MetroPCS. Under the revised terms, Deutsche Telekom would trim $3.8 billion from the debt load carried into the union by T-Mobile, reducing to $11.2 billion the amount of "shareholder loans" to the company. Deutsche Telekom also said it would lower the interest rate charged on the loans.

Deutsche Telekom sweetens MetroPCS deal, cuts debt load

By Sinead Carew and Harro Ten Wolde NEW YORK/FRANKFURT (Reuters) - Deutsche Telekom sweetened its terms on Wednesday for the proposed merger between T-Mobile USA and MetroPCS Communications by reducing the combined company's debt due to pressure from activists and proxy advisory firms.

MetroPCS promotes T-Mobile deal after advisers pan it

(Reuters) - MetroPCS Communications Inc urged shareholders to support its proposed merger with Deutsche Telekom AG's unit T-Mobile USA after two proxy advisory firms recommended that shareholders vote against it. Proxy advisers Glass Lewis and ISS have backed efforts by two key activist investors to block the deal by recommending that shareholders vote against it at a special meeting on April 12.
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