Last updated: October 21, 2015
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Cash raising while market is ripe for acquisitions
Deutsche Telekom said to be is working with Credit Suisse on a possible sale of its Dutch unit, T-Mobile Netherlands, that could bring up to €5B Bloomberg reports. That would be 7-8 times the unit's EBITDA, which last year was €630M on revenues of €1.55B. Deutsche Telekom gets more than two-thirds of revenues from Germany and the US, so a sale of its Dutch unit could bring funds to cut debt ahead of what could be an aggressive move for spectrum by T-Mobile US in the spring. In an acquisition-rich environment, bidders could include John Malone and Liberty Global as well as private equity. Liberty Global bought Belgium's Base from KPN for $1.4B in April.