Deutsche Telekom Wants Shares of French Mobile Service Provider
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[Berlin, GERMANY] According to a report by the Financial Times Deutschland, Deutsche Telekom wants shares in the third-largest mobile service operator in France, Bouygues Telecom.
With reference to internal sources, the paper reported that the two companies were last in negotiations about this in December. Similar talks have also taken place with the largest Japanese operator, NTT DoCoMo, as well as with the Dutch firm KPN.
The multinational building company Bouygues is the mobile communication firm's largest shareholder and is looking for a partner for the bidding on the French UMTS licenses. Deutsche Telekom cannot take part in the procedure starting at the end of the month because it has not found a partner.
At the end of last year, talks failed between Bouygues Telecom and Telecom Italia about an increase in shares for the Italian firm. The holding company BDT owns the majority of Bouygues Telecom with 55 percent. Bouygues has 59.5 percent of BDT, J-C Decaux has 20.9 percent, and Telecom Italia has 19.6 percent. Bouygues directly holds an additional 21 percent of the mobile service company; 17.5 percent belongs to the German energy firm E.ON, and 6.5 percent belongs to the French banking group BNP Paribas.