Jul
3
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7/3/2009 8:26 AM
As rumours continue to name ever increasing numbers of companies interesting in bidding for T-Mobile UK, the German parent, Deutsche Telekom could be looking at an asset swap as opposed to a direct cash sale.Two people familiar with the German telecoms operator told the Financial Times that executives saw a swap for an asset in another country as the "preferred option" to either selling the business or merging it with a UK rival. But they warned that the unwillingness of a would-be bidder to part with another asset and the complexity of dealing with regulators in two countries could make this "dream deal" the most difficult to clinch.René Obermann, Deutsche Telekom's chief executive was reported to be concerned that a sale of the UK division could throw doubt on the company's ability to remain a global player - leading to an eventual break up of the company.
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