DT postpones sale of Dutch mobile unit, report says

22 Feb 2016

German telecoms giant Deutsche Telekom (DT) has reportedly opted to postpone the sale of its Dutch mobile unit T-Mobile Netherlands, after struggling to agree terms with potential buyers following Vodafone and Liberty Global’s decision to merge their local businesses, writes the Financial Times, citing people with knowledge of the deal. Earlier this month it was reported that US private equity firms Warburg Pincus and Apollo were the only two remaining parties interested in acquiring T-Mobile, which is valued at around EUR3 billion (USD3.3 billion). The sale has now been put on ice, however, after the terms being offered did not meet expectations, although one source added that negotiations for a deal could resume.

Last week CommsUpdate reported that Vodafone had agreed to pay Liberty Global EUR1 billion to merge mobile operator Vodafone Netherlands with the cable group’s local subsidiary, Ziggo (formerly UPC). The 50:50 joint venture will serve over 15 million revenue generating units (RGUs), the firms say, with ‘complementary strengths across video, broadband, mobile and B2B services’.

Netherlands, Deutsche Telekom (DT), T-Mobile Netherlands