Deutsche Telekom pefers asset swap for UK unit:rpt
LONDON (MarketWatch) — Deutsche Telekom AG would prefer to swap an asset, perhaps in Central or Eastern Europe, for its T-Mobile U.K. business, to cushion the blow of pulling out of a big market, the Financial Times reported on Friday, citing two people familiar with the German telecoms giant’s thinking. According to the report Deutsche Telekom is particularly interested in Vodafone Turkey, because it would nicely complement its OTE business in Greece. As for a straight sale of the business, a price tag of 3 billion euros would be the absolute minimum, the report said. Earlier this week the Financial Times reported that both Vodafone and Telefonica are mulling a bid for T-Mobile U.K. while France Telecom’s Orange is thinking of a joint venture.
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