Bulletin: Deutsche Telekom Ratings Unchanged On T-Mobile USA's Purchase Of SunCom Wireless Holdings - S&P Global Ratings’ Credit Research

Bulletin: Deutsche Telekom Ratings Unchanged On T-Mobile USA's Purchase Of SunCom Wireless Holdings

Bulletin: Deutsche Telekom Ratings Unchanged On T-Mobile USA's Purchase Of SunCom Wireless Holdings - S&P Global Ratings’ Credit Research
Bulletin: Deutsche Telekom Ratings Unchanged On T-Mobile USA's Purchase Of SunCom Wireless Holdings
Published Sep 17, 2007
Published Sep 17, 2007
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Abstract:

LONDON (Standard&Poor's) Sept. 17, 2007--Standard&Poor's Ratings Services said today that its ratings and outlook on Germany's largest telecommunications services provider Deutsche Telekom AG (DT; A-/Negative/A-2) remain unchanged following the announcement that the group's U.S.-based mobile subsidiary T-Mobile USA Inc. has entered into an agreement for the acquisition of SunCom Wireless Holdings Inc. for $2.4 billion in cash and assumed debt. The acquisition will enable T-Mobile USA to expand its network coverage and footprint in the U.S. and will add 1.1 million customers to T-Mobile USA's network. These elements balance the expected negative impact on DT's credit ratios as a result of the transaction, which would cause adjusted debt to EBITDA to rise by about 0.1x (this

  
Report Type:

Bulletin

Ticker
DTE@GR
Issuer
GICS
Integrated Telecommunication Services (50101020)
Sector
Global Issuers, Structured Finance
Country
Region
United States
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Deutsche Telekom Ratings Unchanged On T-Mobile USA's Purchase Of SunCom Wireless Holdings" Sep 17, 2007. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Deutsche-Telekom-Ratings-Unchanged-On-T-Mobile-USA-s-Purchase-Of-SunCom-Wireless-Holdings-602523>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Deutsche Telekom Ratings Unchanged On T-Mobile USA's Purchase Of SunCom Wireless Holdings Sep 17, 2007. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Deutsche-Telekom-Ratings-Unchanged-On-T-Mobile-USA-s-Purchase-Of-SunCom-Wireless-Holdings-602523>
  
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