Abstracts » Business, international

Deutsche Telekom finds U.K. market tough to crack

Article Abstract:

The impending initial public offering of Deutsche Telekom AG, Germany's telecommunications giant, creates extra hurdles in terms of currency exchange either in euros, sterling or dollars, heftier commission prices and line entry of investors in a computer database instead of offering share certificates, among others.

Organizational history, Telephone Communication, Brief Article

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Telekom plans second offering

Article Abstract:

Ron Sommer, the chief executive officer (CEO) of Deutsche Telekom AG, is adding as much as 10.9 billion euros ($11.78 billion) to the company's "war chest" in order to finance the next stage of Telekom's expansion worldwide. The 10.9 billion euros is being drawn from a capital increase. By the end of June 1999, Telekom will issue as many as 286.3 million shares into the marketplace. The offering will be the largest capital increases in German history.

Comment:

To issue as many as 286.3 million shares into the marketplace by the end of June 1999

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Telekom set to sell issue across zone

Article Abstract:

Deutsche Telekom AG is making an equity offering of shares to the euro zone's 292 million residents. The offering is the first time that any firm has gone beyond its borders and issued shares to individual investors. Deutsche Telekom is planning to sell up to 286.3 million shares at a value of 10.3 billion euros ($10.95 billion). This is one of the largest capital increase offerings in Europe.

Comment:

To make equity offering of shares to euro zone's 292 million residents

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