RealTime IT News

Today's Deals: Deutsche Telekom Adds VoiceStream

ALLTEL + BenchMark Consulting International, Applied Digital Solutions + Perimeter Technology, Comverse Technology + SYBORG Informationsysteme GmbH, Deutsche Telekom + VoiceStream Wireless, MetaCreations + Viewpoint Digital, Sun Microsystems + Gridware, Take-Two Interactive Software + PopTop Software, Wire One Technologies + 2Confer

 Deutsche Telekom (DT) to acquire VoiceStream Wireless (VSTR)


   *  Amount:         $50.7 billion


   *  Terms:            829 million shares/$7.8 billion

   *  Premium:        n/a


   *  Industry:        Speed/Bandwidth


   *  Scorecard:      B


    BELLEVUE, Wash., July 24--VoiceStream Wireless announced that it has entered into a definitive merger agreement with Deutsche Telekom AG to form the first wireless operator utilizing the GSM standard worldwide. The transaction, with a current equity value of approximately $50.7 billion will benefit U.S. consumers by creating an even stronger national provider in the highly competitive American wireless communications market. VoiceStream shareholders will receive 3.2 Deutsche Telekom shares and $30 in cash for each share of VoiceStream common stock, subject to certain a