debitel planning IPO this year

21 Feb 2006

Speculation has emerged that German cellco debitel is planning an initial public offering (IPO) in Frankfurt this year, which it expects will value it at about EUR1 billion (USD1.19 billion). The cellco, which claimed around ten million mobile customers at the end of 2005, is owned by private equity fund Permira, which is reported to have hired JP Morgan to advise it on its options. Debitel, Permira and JP Morgan have all refused to comment on the speculation.

Germany, debitel