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T-Mobile Netherlands could go public: Manager Magazin
Posted on Thursday, 21 November 2019 14:43
Deutsche Telekom is considering a flotation of T-Mobile Netherlands, according to Manager Magazin.

Without identifying its sources, the German monthly business magazine said a sale or initial public offering of the business is currently being mulled over.

A spokesman for Deutsche Telekom declined to comment when contacted by Reuters, which picked up on the report.

Manager Magazin said a number of the Bonn-headquartered telecommunications player’s subsidiaries could be jettisoned during the coming year, but T-Mobile Netherlands is the most likely.

Antenna manufacturer Deutsche Funkturm is another asset which could go on the block, the magazine noted.

T-Mobile Netherlands claims to be one of the largest providers of telecom services including mobile and fixed internet, interactive television and fixed calling.

The company’s customer base comprises 8.13 million mobile users, while annual revenue stands at EUR 1.12 billion and earnings before interest, taxes, depreciation and amortisation total EUR 339.80 million.

According to Zephyr, the M&A database published by Bureau van Dijk, there have been 427 deals worth a combined USD 59.29 billion targeting wireless telecommunications carriers announced worldwide since the beginning of 2019.

In terms of aggregate value, this means the year has already surpassed 2018 (USD 50.49 billion), despite the fact that there is still over a month to go until the end of December. Value has not yet quite reached the 445 deals signed off last year.

Of 2019’s deals targeting the sector, the largest by some distance featured a US target as Front Range TopCo agreed to pick up Zayo Group Holdings for USD 14.30 billion back in May.

This was followed by a USD 5.40 billion takeover of Philippines-based Mindanao Islamic Telephone Company by China Telecommunications, Udenna and Chelsea Logistics and Infrastructure Holdings, which was announced in April.

© Zephus Ltd