BERLIN, Nov 21 (Reuters) - Deutsche Telekom is
exploring a sale or an initial public offering of its T-Mobile
Netherlands after the division acquired its local rival Tele2
last year, Germany's Manager Magazin reported on Thursday.
A Deutsche Telekom spokesman declined to comment when
contacted by Reuters.
Europe's largest telecoms group said earlier this month it
would cut its dividend for 2019, reflecting uncertainty over the
outcome of a proposed U.S. mega-merger and following rival
Vodafone as the industry grapples with the cost of
building 5G networks.
T-Mobile Netherlands is - unlike other European units - a
part of Telekom's Group Development unit and not seen as a core
asset.
(Reporting by Thomas Seythal and Douglas Busvine in Berlin and
Matthias Inverardi in Duesseldorf
Editing by Michelle Martin)
Vodafone (VOD)
