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Deutsche Telekom puts T-Mobile NL up for sale - report
2015-10-21 08:16:00| Telecompaper Headlines
(Telecompaper) 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, 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. Deutsche Telekom is working with Credit Suisse on the 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.
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Category:Telecommunications