Deutsche Telekom expects stake in BT within 12 months By Reuters


© Reuters. FILE PHOTO: The British Telecom (BT) logo is displayed outside a store in London, Britain November 15, 2019. REUTERS / Simon Dawson / File Photo

BERLIN (Reuters) – Deutsche Telekom (OTC 🙂 is evaluating options for its 12% stake in Britain’s BT and expects movement over the next 12 months, CEO Tim Hoettges said on Tuesday.

“We have a lot of options in the BT business. It is too early to make a decision. We are considering all the options,” Hoettges said at a press briefing.

BT is at the center of speculation after telecoms and cable company Altice acquired a 12.1% stake in June, saying at the time that it had no plans to launch a takeover bid . Deutsche Telekom owns BT’s stake in its pension fund.

“I would say that over the next 12 months something is going to happen with the asset because the shareholder side is changing rapidly,” Hoettges said in response to a question from an analyst.

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