German telecom planning to sell T-Mobile: report
German telecom company Deutsche Telekom is preparing to sell Dutch subsidiary T-Mobile, insiders told Het Financieele Dagbnlad (FD). Various parties already showed interest, according to the newspaper.
T-Mobile is the third largest company on the Dutch telecom market, after KPN and Vodafone/Ziggo. Unlike many other companies, telecoms did well in the coronavirus pandemic as people working and learning from home now use their phones more often. T-Mobile's sale is expected to yield up to 5 billion euros.
Deutsche Telekom is mainly looking at private investors, according to FD. It is unlikely that T-Mobile will end up in the hands of KPN or Vodafone/Ziggo, as this would make the companies too large to appease the European competition authorities.
Deutsche Telekom also tried to sell T-Mobile five years ago, but the deal fell through because no agreement was reached on the sale price.