Deutsche Telekom is examining a possible tie-up with French peer Orange, German ...
BERLIN - Deutsche Telekom is examining a possible tie-up with French peer Orange, German business daily Handelsblatt reported on Wednesday, citing managers close to the matter.
A spokesman for Orange said “there are no ideas or discussions going on” regarding such an initiative.Orange and Deutsche Telekom have been talking on and off for years, although merger discussions in 2017 fizzled out because it was not feasible to put the companies on an equal footing, a source told ReutersHandelsblatt said Deutsche Telekom was assessing the potential of a tie-up with Orange, adding that the two companies had cooperated on purchases in the past eight years.
The German and French governments own sizeable stakes in the respective companies, making any deal politically charged. The size of Deutsche Telekom means a deal would likely mean a takeover of Orange, potentially hard for Paris to swallow. “We believe the likelihood of such a merger is very minor,” said analysts from Jefferies, citing hurdles that included likely political opposition, the German firm’s larger size and limited cross-border synergies.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
With suction cups and lots of luck, scientists measure blue whale's heart rateUsing a bright orange electrocardiogram machine attached with suction cups to th...
Read more »
DHL to debut zero-emission electric delivery vans in U.S. citiesDeutsche Post DHL Group's StreetScooter electric vehicle unit will enter th...
Read more »
Cramer: Recent mergers show stocks are not as expensive as people thinkIf stocks were actually overpriced, there would not be as much merger and acquisition activity, the 'Mad Money' host says.
Read more »
Texas settles with T-Mobile, Sprint over merger: statementTexas' attorney general has settled with T-Mobile Inc and Sprint Corp and w...
Read more »
Here’s What The Charles Schwab And TD Ameritrade Merger Will Mean For ShareholdersThe deal might be a defensive play, but could also see shareholders from both companies benefit.
Read more »
Fiat Chrysler, PSA tell employees they will sign merger agreement in coming weeksFiat Chrysler and Peugeot-owner PSA told their employees they would sign a bindi...
Read more »