UK PRESS: Deutsche Telekom Studying Bid For BT
LONDON -(Dow Jones)- Deutsche Telekom, the German telecommunications group, is studying a possible bid for the UK based BT Group that could see the former monopoly valued at more than GBP25 billion, The Times reported Saturday.
The paper says the German company, in which the U.S. private equity house Blackstone Group recently snapped up a stake, has drawn up feasibility studies for breaking up BT.
However, the paper's unnamed sources, cited as being aware of the group's thinking, say that any formal approach is hampered by the German group's current stock market valuation.
Newspaper Web site: http://www.timesonline.co.uk
-London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320
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Posted to the site on 27th May 2006
