Orange-Deutsche Telekom merger rumours resurface
Rumours about a potential merger between the listed, French and German telcos Orange and Deutsche Telekom have resurfaced, French daily Le Figaro reported.
The unsourced article said that Deutsche Telecom is believed to be looking to sell its US operations, which would make the German group into a size similar to that of Orange. Stephane Richard, head of Orange, had previously said that a tie-up could be considered only if it was a merger of equals.
The report, however, noted that Tim Hoettges, head of Deutsche Telekom, said last month that he was not involved in any talks regarding a potential merger of his group.
Source Le Figaro