Deutsche Telekom hires BNP Paribas to help seek buyers for T-Online; Axel Springer still interested
Deutsche Telekom, the listed German telephony company, has hired the bank BNP Paribas to assist in seeking buyers for its internet portal T-Online, Der Spiegel reported. The report, without identifying sources, said that a 30-page sale prospectus has been sent to almost 10 potential investors.
The report said that last December, it became known that informal talks had been held, with the German publishing company Axel Springer among the supposed interested parties.
Deutsche Telekom intends to reach a decision on a sale by early summer, according to the report.
According to the report, Deutsche Telekom is said to have very strict ideas about how the T-Online brand should be protected in the future. Axel Springer is believed to be still interested, the report said.
Der Spiegel