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Deutsche Telekom, Orange consider merger: Handelsblatt
Posted on Wednesday, 27 November 2019 15:32
European telecommunications players Deutsche Telekom and Orange could be about to join forces via a merger, according to Handelsblatt.
Citing managers close to the situation, the news provider said the German company is mulling over the possibility at present as part of a strategic evaluation.
However, Reuters, which picked up on the report, said a spokesman for Orange denied any talks were taking place.
Deutsche Telekom has yet to comment and no further details have been disclosed at this time.
The German company has already been active as an acquiror this year; according to Zephyr, the M&A database published by Bureau van Dijk, its most recent purchase was announced in October.
That deal saw it invest an undisclosed sum in SK Gaming Beteiligungs in exchange for a 33.3 per cent shareholding.
It has also carried out an asset sale, having divested its stake in Madrid-headquartered wireless technology developer Fon Technology to Dotrise as part of a management buy-out.
No financial details of that transaction were revealed.
Zephyr, the M&A database published by Bureau van Dijk, shows there have been 161 deals featuring wired and wireless telecommunications carriers as both the acquiror and target announced worldwide in the year to date.
The largest of these is worth USD 14.30 billion and saw Digital Colony, EQT and Devonshire Investors, via the Front Range TopCo vehicle, agree to pick up Zayo Group Holdings back in May.
This was followed by China Telecommunications, along with Udenna and Chelsea Logistics and Infrastructure, agreeing to take over Mindanao Islamic Telephone Company for USD 5.40 billion in April.
Orange describes itself as one of Europe and Africa’s largest operators of mobile and internet services, as well as a world leader in corporate telecommunication services.
Its global customer base numbers 266.00 million.
© Zephus Ltd