This post was originally published on this site
The telecoms business would be open for offers for a minority or majority stake, the German newspaper reported, estimating the valuation of the division at up to 20 billion euros ($22.48 billion). The company aims to have a sale in progress by the end of the first quarter of next year, it said.
Deutsche Telekom did not immediately respond to a request for comment on the report.
CEO Tim Hoettges said in November he was open to finding an industrial partner for the company’s towers infrastructure, days after Vodafone (NASDAQ:VOD) said it would consider opportunities for such a move for its recently-listed towers business.
“I’d love to have an industrial partner and I’m willing to deconsolidate,” Hoettges said in November, adding he wanted to retain a role in the decision making that would follow a deal, particularly in influencing any further mergers and acquisition.
($1 = 0.8898 euros)
