Deals
Deutsche Telekom to Keep Dutch Unit Amid Market Shakeup
- Warburg Pincus, Apollo said to be final bidders for unit
- Dutch rivalry intensifying as Vodafone, Liberty merge assets
Deutsche Telekom’s Hoettges Optimistic About Year Ahead
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Deutsche Telekom AG will keep its Dutch business, halting a plan to sell the unit as bids fell short of the asking price and leaving the German phone carrier facing stiffer rivalry as two competitors combine in the country.
"We’re not planning to sell off the asset right now,” Deutsche Telekom Chief Executive Officer Tim Hoettges said in a Bloomberg TV interview at the Mobile World Congress in Barcelona on Monday. "We have the opportunity to consider other deals in the Netherlands.”