APO - Deutsche Telekom launches sale of T-Mobile Netherlands - Bloomberg

Deutsche Telekom (DTEGY +0.2%) has launched the sale of its T-Mobile Netherlands unit, Bloomberg reports. That division could be valued around €4.5B (about $5.3B). And it's drawing early interest from a variety of bidders, including Apax Partners, Apollo Global Management (APO), BC Partners, Providence Equity Partners and Warburg Pincus. The company has sent out information to potential bidders, and asked for first-round offers this month, according to the report. Deutsche Telekom got into the Netherlands market in 2000, and considered selling it in 2015 at a similar valuation in order to buy airwaves in the United States. Instead, it kept the business and became one of the country's biggest local carriers through a 2019 merger with Tele2's operations.

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Deutsche Telekom launches sale of T-Mobile Netherlands - Bloomberg