Deutsche Telekom wanting into doable merger with Orange: Handelsblatt

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

BERLIN (Information) – Deutsche Telekom is wanting into the potential for a tie-up with its French peer Orange, German enterprise day by day Handelsblatt reported on Wednesday, citing managers near the matter.

The German group is assessing the potential of such a deal in a method situation, the paper added.

Deutsche Telekom and Orange weren’t instantly accessible for remark.

Deutsche Telekom’s shares prolonged their positive factors and have been up 1.55% at 1325 GMT. Orange’s shares rose 1.four%.

Reporting by Tassilo Hummel; further reporting by Mathieu Rosemain; modifying by Thomas Seythal