Deutsche Telekom keeps options open for EE -executive
MUNICH, Germany, July 15
MUNICH, Germany, July 15 (Reuters) - Germany's Deutsche Telekom is keeping its options open as to whether it floats or sells EE, its joint venture with French rival Orange , an executive said on Monday.
"We are open to both possibilities," Claudia Nemat, board member in charge of Deutsche Telekom's European business, told Reuters on the sidelines of a conference in Munich, saying that a decision would be made by 2014.
Deutsche Telekom has valued EE, Britain's largest mobile operator, at 10 billion pounds ($15.1 billion) and has previously said a partial listing of the business was the preferred option.
However, financial investors like KKR and CVC have sounded out banks to raise money for a possible bid and U.S. telecoms company AT&T is also reported to be interested.
Nemat declined to comment on potential buyers.
EE, formerly known as Everything Everywhere, has more than 27 million customers and competes with Telefonica's 02 brand , Vodafone, and Hutchison's 3 brand.
- Malaysia military tracked missing plane to west coast: source |
- Malaysia air probe finds scant evidence of attack: sources |
- Ukraine forms new defense force, seeks Western help |
- UPDATE 1-Missing Malaysian plane last seen at Strait of Malacca-source
- Freescale loss in Malaysia tragedy leads to travel policy questions