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General

Deutsche Telekom considers sale of BT stake - report

Monday 7 November 2016 | 08:48 CET | News
Deutsche Telekom is considering selling its 12 percent stake in BT, two sources familiar with the matter told Reuters. The stake acquired as partial payment for its share in EE is worth around GBP 4.4 billion. DT will take a final decision on whether to hold on to the stake once it has more clarity on the kind of deal Britain will strike with the EU next year, the report said. Deutsche Telekom cannot sell until at least August 2017, due to a lock-up agreement with BT, unless it agrees an off-market deal with financial investors.

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Categories: General
Companies: BT / Deutsche Telekom / EE
Countries: United Kingdom
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