Deals
Deutsche Telekom Nears $5.9 Billion Sale of Dutch Unit
- Warburg Pincus, Apax Partners will buy T-Mobile Netherlands
- SoftBank share swap will bolster Deutsche Telekom’s U.S. stake
The Deutsche Telekom AG offices in Berlin.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Deutsche Telekom AG will use proceeds from the sale of its Dutch unit to acquire a greater stake in T-Mobile US Inc., deepening its shift to the U.S. market where it leads the industry in the next generation of mobile technology.
Warburg Pincus and Apax Partners will purchase T-Mobile Netherlands for 5.1 billion euros ($6.1 billion) from Deutsche Telekom and venture partner Tele2, which owns a 25% stake, the private equity firms said Tuesday. Bloomberg reported on Monday that the German company was nearing a deal and that the private equity consortium was a strong contender.