Deutsche Telekom Said to Weigh Exit Options for U.K. Venture

Deutsche Telekom AG, Germany’s largest telephone company, is evaluating options for an exit from the U.K. as it seeks to raise cash after failing to sell its T-Mobile USA unit, people with knowledge of the matter said.

The Bonn-based company is in the early stages of deciding whether to sell its half of the Everything Everywhere wireless venture it owns with France Telecom SA, the people said, declining to be identified because the discussions are private. Deutsche Telekom has yet to hire investment banks and any decision on an exit is unlikely before later this year as it focuses on improving operational performance first, they said.