France Telecom not interested in Everything Everywhere sale

News Wireless United Kingdom 21 JUN 2012
France Telecom not interested in Everything Everywhere sale
Deutsche Telekom and France Telecom are not interested in selling UK mobile network group Everything Everywhere, reports Reuters citing France Telecom CEO Stephane Richard. Speaking to journalists, Richard said that both partners were happy with the JV and that they had sufficient cash to invest in the business. His comments follow reports that former Everything Everywhere CEO Tom Alexander was talking with private equity firms about a possible GBP 8 billion bid for Everything Everywhere.

Categories:

Mobile

Companies:

France Telecom,  Everything Everywhere,  Deutsche Telekom

Countries:

United Kingdom

Tags:

Voice services, Data services, Messaging, Company, Services, Corporate, Internet Access, Corporate strategy, M&A buyouts & divestments

Related Articles

EUROPE 26 JUL 2012

France Telecom CEO rejects merger with Deutsche Telekom

France Telecom CEO Stephane Richard has rejected speculation of a merger with Deutsche Telekom. In an interview with the Financial Times, he said "there is definitely no plan for a merger", noting this would likely prove unpopular with investors and he sees no "real interest in terms of value creation". Richard also played down speculation that the operators may unwind their UK joint venture Everything Everywhere. He said that France Telecom was not a seller and has held no discussions with private equity.

UNITED KINGDOM 22 JUN 2012

Everything Everywhere to pay additional GBP 250 mln dividend

The Board of UK mobile network group Everything Everywhere has approved the payment of an additional dividend of GBP 250 million to shareholders Orange Telecommunications and T-Mobile Holdings, effective as of 28 June. They will each receive GBP 125 million. The payment of this additional dividend will be funded through available liquidity at end-June.

UNITED KINGDOM 18 JUN 2012

Everything Everywhere's 4G website wins more support

UK mobile network group Everything Everywhere has announced eight new supporters for the 4GBritain website. These include Stuff magazine, PC Advisor and construction group Kier. The website launched in April, and now has 33 businesses and organisations as official supporters.

UNITED KINGDOM 18 JUN 2012

Former CEO plans bid for Everything Everywhere - report

Tom Alexander, the former CEO of Everything Everywhere, is putting together a private equity-backed bid for the UK's largest mobile operator, the Financial Times reports. Alexander has held discussions with private equity groups such as Apax and KKR to support the bid, which could exceed EUR 8 billion, according to some analyst valuations. Alexander oversaw the merger of T-Mobile UK and Orange UK, having previously headed Orange in the UK. He left Everything Everywhere last summer, citing a desire to have t

UNITED KINGDOM 15 JUN 2012

Nokia Siemens, EE team for smart vending machine roll-out

UK mobile network group Everything Everywhere and Nokia Siemens Networks have teamed to offer vending machine owners the opportunity to increase revenue and reduce costs through remote stock monitoring, increased customer interaction and multiple payment methods. The international partnership will see vending machines connected to Nokia Siemens Networks' VendMe application and installed with Everything Everywhere SIM cards, connecting them to both Everything Everywhere's 3G network and France Telecom and De

UNITED KINGDOM 14 JUN 2012

FT would consider floating Everything Everywhere stake

France Telecom would consider floating a stake in UK mobile network group Everything Everywhere as the merged group starts to fulfil its potential, reports Reuters citing France Telecom CFO Gervais Pellissier. When T-Mobile and Orange merged in the UK in 2012, the group promised it would generate cost savings of GBP 3.5 billion. However, it has taken longer than expected to generate synergies from the merger. Speaking at the Reuters Global Technology and Media summit, Pellissier said that they might conside

EUROPE 13 JUN 2012

Deutsche Telekom doubts value of France Telecom merger

Deutsche Telekom sees problems in a possible merger with France Telecom, Bloomberg reported. According to the German company, merging the two networks would create little value and the larger network would be difficult to manage. Niek Jan van Damme, Telekom board member responsible for the German business, said that he wasn't sure if there would be many advantages for both sides. France's industry minister Arnaud Montebourg earlier suggested that a network merger of the two carriers could create a strong E

UNITED KINGDOM 30 MEI 2012

Everything Everyhwere invests GBP 50 mln in customer service

Everything Everywhere is investing GBP 50 million to revolutionise the way its deliver service to its 27 million customers. It has overhauled its service approach, designing it around handset operating systems and the devices using them. Orange and T-Mobile staff will become experts in all aspects of customers' digital lives, advising them on device, technology and account specific needs. This new service approach is now being rolled out across the group following successful trials. The trials showed signif

UNITED KINGDOM 29 MEI 2012

UK businesses want 4G as soon as possible - study

The majority (93%) of UK businesses want 4G deployed as soon as possible, according to research by Coleman Parkes for Everything Everywhere. The survey found that 94 percent of senior decision makers believe the UK needs 4G to remain competitive and protect jobs. In addition, 86 percent of business leaders believe that access to a 4G network will increase their business productivity. It also found that 72 percent of business leaders use the mobile internet on a daily basis for work purposes, such as checkin

UNITED KINGDOM 25 MEI 2012

Everything Everywhere, Stagecoach trial mobile ticketing

Transport operator Stagecoach Group and UK mobile operator Everything Everywhere have unveiled the Government-standard commercial deployment of mobile contactless transport ticketing, which could lead to a nationwide roll out across select bus and rail services in 2013. The trial, already underway on the Stagecoach bus network in Cambridgeshire, enables a small cross section of bus users to receive, store and validate their bus tickets using their mobile phone. Everything Everywhere is providing each custom

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.