Deutsche Telekom Mulls Sale of Dutch Subsidiary
Published on: 21st Oct 2015
Note -- this news article is more than a year old.
Germany's Deutsche Telekom is reportedly considering a sale of its Dutch subsidiary. A sale could earn as much as USD5.7 billion for the German owners.
Citing people familiar with the issue, Bloomberg News reported that a sale could help the company pay down debt and fund radio spectrum acquisition in the USA.
No final decision has been taken yet, and the company may decide against a sale after all.
Deutsche Telekom has declined to comment.
The country is currently dominated by KPN which holds a market share of 52 percent, followed by Vodafone (25.5%), T-Mobile with 18.2 percent and finally newly launched Tele2.
Acquisition hungry Liberty Global is already present in the market, with a cable operator.