Dow Jones Newswires First to Report on Deutsche Telekom and France Telecom's U.K. Mobile Joint Venture

- Deutsche Telekom Shares Fell Sharply Following Dow Jones's Market-Moving News -


NEW YORK, Sept. 25  /PRNewswire/ -- On September 7, 2009, Dow Jones Newswires was ahead of the competition in reporting that Deutsche Telekom and France Telecom were planning to put their U.K. mobile businesses into a joint venture that would create by far the biggest mobile operation in the highly competitive U.K. market. The exclusive report came amid widespread speculation that Deutsche Telekom would sell off its lagging U.K. operations after it was forced to take write-downs on the unit as it lost subscribers to rivals. Deutsche Telekom shares fell sharply immediately following the Dow Jones report.

Dow Jones was 24 minutes ahead of Thomson Reuters, and 13 minutes ahead of Bloomberg, which picked up the story from Dow Jones. The Dow Jones story said the announcement would come as early as the following day -- which it did.

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