NEW YORK, June 21 /PRNewswire-FirstCall/ -- Pink OTC Markets Inc. (OTCQX: PINK) today announced that Deutsche Telekom AG (OTCQX: DTEGY, Frankfurt: DTE GY), one of the world's leading telecommunications companies, has chosen to list its American Depositary Receipts (ADRs) on OTCQX®. Pink OTC Markets is the financial information and technology services company that operates the leading electronic quotation and trading system in the U.S. OTC securities market.
Deutsche Telekom began trading today on the OTC market's highest tier, OTCQX International Premier. Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcqx.com and www.otcmarkets.com.
"We are pleased to have Deutsche Telekom, a DAX 30 issuer and parent company of T-Mobile USA, join the most liquid OTC marketplace for world class companies," said R. Cromwell Coulson, President and CEO of Pink OTC Markets. "We welcome Deutsche Telekom to OTCQX."
Deutsche Bank, which acts as Depositary for Deutsche Telekom's ADR program, will serve as Deutsche Telekom's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on listing requirements.
About Deutsche Telekom AG
Deutsche Telekom, parent company of T-Mobile USA, is Europe's largest integrated telecommunications carrier in terms of revenues. As one of the world's leading telecommunications providers, Deutsche Telekom is setting international standards. Deutsche Telekom's management is committed to delivering shareholder value, including an attractive dividend for shareholders. For 2009, Deutsche Telekom paid a dividend of US$ 1.031784 per ADR.
The OTCQX Marketplace is the premier tier of the U.S. OTC market. Investor-focused companies use the quality controlled OTCQX listing platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. stock exchange. For more information and to view a full list of OTCQX-listed companies, visit www.otcqx.com.
About Pink OTC Markets Inc.
Pink OTC Markets Inc. (OTCQX: PINK) operates the leading electronic interdealer quotation and trading system and facilitates trading in over 9,000 securities not listed on a U.S. stock exchange. Pink OTC Markets segments these securities into three tiers: the quality-controlled OTCQX marketplace, the U.S. registered and reporting OTCQB marketplace, and the speculative trading Pink Sheets marketplace. These three tiers constitute the third largest U.S. liquidity pool for trading public company shares, after The NASDAQ Stock Market, Inc. and The New York Stock Exchange. Our products and services promote market transparency, improve price discovery, facilitate regulatory compliance, and increase the quality of issuer disclosure, to the benefit of all OTC market participants. To learn more about how Pink OTC Markets' products and services make OTC markets more transparent, informed, and efficient, please visit our websites at www.otcmarkets.com, www.pinkotc.com and www.otcqx.com or contact us at firstname.lastname@example.org.
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