Deutsche Telekom in talks to acquire EDS

20 Nov 2007

The Financial Times Deutschland reports that incumbent telco Deutsche Telekom (DT) is in talks regarding the possible acquisition of US IT vendor EDS. The revelation follows a year of DT unsuccessfully trying to find a buyer for its IT services provider and business customers division T-Systems. EDS is said to be the second largest IT service provider in the world with a market capitalisation of around EUR7 billion (USD10.3 billion). According to the newspaper, which cites sources close to the discussions, DT will partner another investor on the acquisition. After the merger of EDS and T-Systems, the new enlarged company could be floated.

Germany, Deutsche Telekom (DT)