Dow Jones Newswires First to Report on Deutsche Telekom and France Telecom's U.K. Mobile Joint Venture
September 25 2009 - 11:32AM
PR Newswire (US)
- 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. More than 438,000 financial professionals in
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