Morningstar - Deutsche Telekom AG (DTEGY) Liberty Global Announces Sale of Austrian Operations to Deutsche Telekom

Report

Morningstar

Allan C. Nichols

EUR 101.80 For Business Accounts Only

Liberty Global Announces Sale of Austrian Operations to Deutsche Telekom

Late on Dec. 21, Liberty Global announced it agreed to sell its operations in Austria to Deutsche Telekom. We were surprised by the announcement, as Liberty Global has been a serial acquirer in Europe while disposing of operations in other parts of the world. However, the deal fits with our bigger thesis regarding the importance of convergence in Europe. This move will allow Deutsche Telekom to own fixed-line telecom, broadband, pay television, and wireless telecom networks in Austria, positioni...

22/12/2017 13 EN

Underlying

Deutsche Telekom AG

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Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Allan C. Nichols

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Liberty Global Announces Sale of Austrian Operations to Deutsche Telekom

SoftBankâ€™s Fiscal 2018 Result Below Expectations; FVE Decreased to JPY 11,500

Deutsche Telekom Reported Good 1Q Results Excluding Foreign Exchange; Shares Undervalued

SoftBank to Benefit from Sprint T-Mobile Merger if it Goes Ahead; FVE Increased to JPY 12,300

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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