Deutsche Telekom examines attainable merger with Orange: Handelsblatt

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FILE PHOTO: Brochures with the emblem of Deutsche Telekom AG are pictured on the store within the headquarters of German telecommunications big in Bonn, Germany, February 19, 2019. Information/Wolfgang Rattay

BERLIN (Information) – Deutsche Telekom is inspecting a attainable tie-up with French peer Orange, German enterprise every day Handelsblatt reported on Wednesday, citing managers near the matter.

A spokesman for Orange mentioned “there are not any concepts or discussions happening” concerning such an initiative, whereas Deutsche Telekom was not instantly obtainable for remark.

The newspaper mentioned the German telecoms agency was assessing the potential of such tie-up as a part of a strategic situation, including that the 2 firms had cooperated on purchases prior to now eight years.

Deutsche Telekom’s shares prolonged have been up 1.three% at 1352 GMT. Orange’s shares have been up 1.four%.

Deutsche Telekom is Europe’s greatest telecommunications firm with a market capitalization of about 72 billion euros ($79 billion), in accordance with Refinitiv information. Paris-listed Orange is value about 40 billion euros.

Reporting by Tassilo Hummel; Extra reporting by Mathieu Rosemain; Enhancing by Thomas Seythal and Edmund Blair