Deutsche Telekom puts T-Mobile NL up for sale - report

Nieuws Mobiel Nederland 21 OCT 2015
Deutsche Telekom puts T-Mobile NL up for sale - report
Deutsche Telekom is considering the sale of its Dutch mobile operator, people familiar with the matter told Bloomberg. The proceeds could help the German operator pay off debt and fund spectrum acquisitions in other countries. T-Mobile Netherlands may fetch 7-8 times the Dutch company's annual EBITDA, the report said, equal to as much as EUR 5 billion based on 2014 numbers. 

The company could attract interest from companies including Liberty Global, owner of the Netherlands' largest cable company Ziggo, as well as private-equity firms, according to Bloomberg's sources. T-Mobile has exited the consumer fixed market in the Netherlands and focuses on mobile services only. It was the smallest of the country's mobile operators, until the recent entry of Tele2 as the fourth network operator.

Deutsche Telekom is working with Credit Suisse on the sale process, which is at a preliminary stage. No final decision has been made and Deutsche Telekom could still decide against a sale, the sources said. Deutsche Telekom declined to comment. 

Categories:

Mobiel

Companies:

Ziggo,  Liberty Global,  T-Mobile Netherlands,  Deutsche Telekom

Countries:

Nederland

Tags:

M&A buyouts & divestments

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