Germany's Telekom Is Calling To Investors

Germany needs at least half a trillion dollars over the next five years to narrow its budget deficit and rebuild the east. Its state-owned phone company, Deutsche Bundespost Telekom, needs billions to modernize and expand. The answer to both problems: In one of the biggest stock offerings ever, sell off half of Telekom to private investors around the world. Analysts value the company at up to $57 billion.

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