Streetbeat News

DTEGF

Deutsche Telekom AG

https://www.telekom.com/

CEO

Timotheus Hottges

Employees

259,920

Industry

Telecommunications Resellers

Open

32.00

Mkt cap

156B

Volume

High

32.00

P/E Ratio

24.13

52-wk high

32.60

Low

31.37

Div yield

0.03

52-wk low

22.22

Germany is close to deciding on a ban of Huawei and ZTE components from its 5G core network by 2026 due to national security concerns. The decision is supported by three out of four relevant ministries, with the digital ministry opposing it. Deutsche Telekom AG has stated that the ban is impractical.

Portfolio Pulse from Shivani Kumaresan

May 17, 2024 | 5:02 pm

Perplexity AI, backed by Jeff Bezos and supported by Nvidia and SoftBank, has raised $63 million in a new funding round, valuing the company at over $1 billion and making it a unicorn. The funding was led by Daniel Gross, with contributions from notable investors. Existing investors, including Nvidia and SoftBank, have increased their investments. Perplexity AI, known for its AI-driven search engine, is expanding its services and partnerships, including an enterprise chatbot version and collaborations with major carriers like SoftBank Corp. and Deutsche Telekom AG.

Portfolio Pulse from Rounak Jain

April 24, 2024 | 10:15 am

Deutsche Telekom and Airbus have criticized a proposal that would permit major technology companies to access cloud data within the European Union. This plan raises concerns about privacy and data security among European corporations.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 4:08 pm

SK Telecom, Deutsche Telekom, e& Group, Singtel, and SoftBank plan to create a Joint Venture to develop Large Language Models (LLMs) for telcos, aiming to enhance customer interactions through digital assistants and chatbots. The venture is set to be established within this year.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 12:23 pm

Nokia Corp (NYSE:NOK) announced a reduction in its 2026 comparable operating margin target from at least 14% to at least 13%, citing current market conditions, particularly in the Mobile Networks sector. Despite this, Nokia is optimistic about achieving the original target in the long term and sees further growth potential beyond 2026. The company also disclosed the acquisition of Fenix Group to enhance its wireless offerings in the defense segment, and a partnership with Deutsche Telekom AG (OTC:DTEGY) (OTC:DTEGF) for deploying a multi-vendor Open RAN network in Germany. Nokia's stock has declined 33.5% year-to-date but traded higher by 2.24% at $3.19 in premarket Tuesday. Last week, Ericsson (NASDAQ:ERIC) secured a deal with AT&T Inc (NYSE:T) for Open RAN deployment.

Portfolio Pulse from Anusuya Lahiri

December 12, 2023 | 11:34 am

Apple Inc. (AAPL) has announced that iPhones will support RCS (Rich Communications Services) by 2024, in response to pressure from Google and EU regulators. RCS will enhance messaging features between Android and iPhone users but will not replace iMessage or change the 'Green vs Blue' bubble dynamic. Alphabet Inc.'s Google (GOOG, GOOGL), along with Vodafone Group Plc. (VOD) and Deutsche Telekom AG (DTEGF), had lobbied the EU for interoperability, which is now being addressed by Apple.

Portfolio Pulse from Rounak Jain

November 17, 2023 | 6:49 am

Google, in partnership with several European telecom companies, is urging the European Commission to recognize Apple's iMessage as a 'core' service, which would force Apple to make iMessage interoperable with other messaging services. This comes amidst an ongoing EC investigation to determine if iMessage meets the stringent criteria to fall under the purview of the DMA. Apple and Microsoft have been lobbying to exempt their services from this designation.

Portfolio Pulse from Rounak Jain

November 08, 2023 | 12:52 pm

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