Groupon, Deutsche Telekom in Deal (GRPN, DTEGY)
US internet coupon issuer Groupon Inc. (NASDAQ: GRPN) has signed a deal with Deutsche Telekom AG (OTC: DTEGY) to market coupons to DT’s mobile subscribers in Europe. This is Groupon’s first international deal with a multi-national company that will distribute…
US internet coupon issuer Groupon Inc. (NASDAQ: GRPN) has signed a deal with Deutsche Telekom AG (OTC: DTEGY) to market coupons to DT’s mobile subscribers in Europe. This is Groupon’s first international deal with a multi-national company that will distribute Groupon’s products across national borders.
The deal will bear fruit in the first half of 2012, and will allow DT’s subscribers to “enjoy Groupon’s mobile services on their devices without the need for a separate download providing easy access to the best local deals in their area.”
Financial details and length of the deal were not disclosed. DT owns and operates the T-Mobile USA network in the US.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
