May 16, 2013 / 10:56 AM / 4 years ago

Deutsche Telekom CFO says EE valued at 10 bln pounds

COLOGNE, Germany, May 16 (Reuters) - Deutsche Telekom said on Thursday it values EE, its joint venture with France Telecom, at 10 billion pounds ($15.2 billion) and said a partial listing of the business was still the preferred option.

“Such a process needs good timing,” Deutsche Telekom’s finance chief Timotheus Hoettges told the company’s annual shareholders meeting.

“We need to wait for the right moment to place such a huge amount on the market. We don’t have to, but when the opportunity is there we can do it,” Hoettges added. EE is Britain’s biggest mobile operator.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below