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U.S. Department of Justice approves takeover of Voicestream

The U.S. Justice Department has completed the acquisition of Voicestream by Deutsche Telekom, the German (Frankfurt Stock Exchange: DTE) approved. In order for the Bonn-based company has taken a major hurdle.

However, must still approve the Voice Stream and the American regulatory Aktionöre the billion-dollar deal. The Telekom announced the acquisition of American telecommunications company in late July (as reported in ZDNet).

According to the voice stream is the only U.S. wireless telecommunications provider that has a nationwide GSM network. Measured by the number of majority shareholdings accessible customer an association with some 375 million potential users would be created.

The transaction is essentially a share swap. The Voicestream shareholders will be offered 3.2 Deutsche Telekom shares plus $ 30 per share. Calculated to 259 million shares representing Voicestream based on the closing price of T’s stock on the last Friday in Frankfurt, a bid of 50.7 billion dollars. The German Telekom T to 828.8 million shares out of capital spending that was approved by the last Annual General Meeting in May.

Contact: German Telecom, Tel: 0800-3300700
Voicestream, Tel: 001425/6535027

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