Deutsche Telekom AG (ADR) (OTCMKTS:DTEGY): Marks New High Backed by Key Announcements


Dallas, Texas 09/23/2013 (Financialstrend) – Germany-based integrated telecommunications provider, Deutsche Telekom AG (ADR) (OTCMKTS:DTEGY) offers a range of telecommunications and information technology services worldwide through its key business segments Systems Solutions; and Group Headquarters and Shared Services. The company’s primary markets include Germany, Europe and USA. Its product portfolio offers mobile communication networks, fixed-network lines and broadband lines. The company is one of the world’s leading integrated telecommunications provider with more than 130 million mobile customers, around 32 million fixed network lines and over 16 million broadband lines. It has presence in around 50 countries across the world.

The stock has delivered more than 20% returns year to date and witnessed around 5.5% gains during the last week. The 52 week price ranges between $10.34 on the lower side and $14.05 on the higher side. On Friday, September 20, 2013 the stock traded in the range of $13.9 and $14.05; embarking a new 52 week high. The gained roughly 2% and closed at $13.96. The stock traded with volume of 855,190 shares, almost 1.51 times more than its average volume of 563,894 shares. Deutsche Telekom AG (ADR) (OTCMKTS:DTEGY) has market capitalization of $62.11 billion with 4.45 billion total shares outstanding.

Recently Deutsche Telekom AG (ADR) (OTCMKTS:DTEGY) announced the launch of ‘Entertain to go’ service priced at €4.95 per-month, which will allow the users to watch TV anywhere on their PC, laptop, smartphones, tablets and iPad. Initially 40 channels will be available including private channels like VOX and RTL as well public broadcasters like ZDF and ARD. Some of the key features of the service include on-demand content from the video library as well as ‘shift to TV’ function which will allow transferring programs from iPad to TV with a single click. Moreover one can view multiple programs on multiple devices all at once and the service does not require any additional devices like TV set or second media receiver.

Deutsche Telekom AG (ADR) (OTCMKTS:DTEGY) on Friday, September 20, 2013 also announced three year extension of partnership with Telekom Baskets Bonn, with whom company is already sharing almost more than two decades of successful cooperation.