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9/7, 7:39 AM (Source: TeleTrader)
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Deutsche Telekom sells Dutch unit for €5.1B

Deutsche Telekom announced on Tuesday it reached an agreement to sell its Dutch business T-Mobile Netherlands Holding B.V. to the WP/AP Telecom Holdings IV B.V. consortium for €5.1 billion.

The consortium buying T-Mobile NL is jointly controlled by funds advised by Apax Partners LLP and Warburg Pincus LLC.

The transaction is subject to regulatory approvals and consultation with employee representatives.

Breaking the News / NP