Deals
Deutsche Telekom Said to Consider Sale of T-Mobile Netherlands
- Dutch business said to be worth as much as $5.7 billion
- Unit may attract interest from Liberty Global, buyout firms
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Deutsche Telekom AG is considering the sale of its Dutch mobile-phone unit in a move that could help the German carrier raise funds to reduce debt and acquire wireless frequencies in the U.S., according to people familiar with the matter.
A disposal of T-Mobile Netherlands may fetch seven to eight times the target’s earnings before interest, taxes, depreciation and amortization, said the people, who asked not to be identified because the plans are private. That means the business could be valued at as much as 5 billion euros ($5.7 billion), based on 2014 numbers. The asset could attract interest from companies including John Malone’s Liberty Global Plc as well as private-equity firms, they said.