Deutsche Telekom mulls sale of T-Mobile Netherlands
21 October 2015 |
Deutsche Telekom is reportedly considering a sale of T-Mobile Netherlands that could be valued between €4 billion and €5 billion.
If completed, the deal would go towards reducing debt and acquiring spectrum, sources told Bloomberg. It would also align with the operator’s strategy to focus on packaged services.
Deutsche Telekom is said to be working with Credit Suisse Group on the process.
In 2000, Deutsche Telekom entered the Dutch market after acquiring a stake in a venture with Belgacom and Tele Danmark. The business was later renamed T-Mobile Netherlands in 2003 after the operator acquired the remaining stake.
T-Mobile Netherlands’s subscribers declined to 3.69 million at the end of June 2015, down from 4.28 million last year. The country’s third largest mobile operator recorded €362 million in revenues in the second quarter, 14% down from the same quarter a year earlier.
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