Deutsche Telekom silent on reports it will sell Everything Everywhere stake

Deutsche Telekom silent on reports it will sell Everything Everywhere stake

Deutsche Telekom has refused to deny its share of Everything Everywhere is up for sale, but said it has a 'long-term' commitment to the United Kingdom.

Spokesman Andreas Fuch refused to deny recent reports on a possible sale and said he would not comment on speculation. He said: 'Deutsche Telekom had a long-term commitment to the UK market and it's a venture that is competing successfully. Apart from that we do not have any further comments on the matter. It's not a question of denial but to be more precise - we just do no wish to comment any further.'

Deutsche Telekom owns half of the UK's largest operator along with France Telecom, who refused to comment. An Everything Everywhere spokesperson said: 'We are not commenting on this matter. It's speculation and rumour.'

A report in Bloomberg this week speculated Deutsche Telekom could exit from the UK as it is seeking to raise cash following its failure to sell its T-Mobile USA business. Sources said the business has yet to hire investment banks to run the sale and any final decision is unlikely until later this year.

Written by Mobile Today
Mobile Today

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They should keep it I think.
China Telecom might be seen as the ideal partner to replace TMO in Everything Everywhere, considering the UK MVNO deal CTE recently struck with EE and ...
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