* Blackstone stake falls to 2.93 percent on Nov. 6
* Blackstone cuts stake by around 65.2 million shares
* About 65.2 mln shares worth around 561 million euros
FRANKFURT, Nov 9 Blackstone Group has cut
its stake in Deutsche Telekom by about a third in a
move likely to have notched up a loss for the U.S. private
Deutsche Telekom said on Friday Blackstone's stake had
fallen to 2.93 percent on Nov. 6.
Blackstone declared in early August that its shareholding in
Deutsche Telekom was 4.44 percent.
Based on Deutsche Telekom's closing price of 8.60 euros on
Nov. 6, the 65.2 million shares sold by Blackstone were worth
around 561 million euros ($713 million).
In April 2006, Blackstone bought 192 million shares in the
company from the state-owned development bank KfW at 14
euros per share, for a total of 2.68 billion euros.
The 65.2 million shares at that time would have been worth
nearly 900 million euros.
A spokesman for Blackstone declined comment to Reuters.
Deutsche Telekom's biggest shareholder is still the German
government, which owns a 15 percent direct stake and a 17
percent indirect stake, which is held by KfW.
Deutsche Telekom on Thursday stuck to its 2012 profit and
dividend outlook as its third-quarter core result was ahead of
expectations, fuelled by its German activities.