Buy
Sell
Share Name Share Symbol Market Type
Deutsche Telekom AG XE:DTE XETRA Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.24 1.24% 19.646 19.642 19.67 19.71 19.472 19.518 7,256,149 16:35:21

Tele2 Expects to Complete Sale of T-Mobile Netherlands in Coming Weeks

25/03/2022 8:04am

Dow Jones News


Deutsche Telekom (XE:DTE)
Historical Stock Chart


From Dec 2021 to Dec 2022

Click Here for more Deutsche Telekom Charts.

By Dominic Chopping

 

STOCKHOLM--Tele2 AB said Friday that it expects to complete the divestment of T-Mobile Netherlands in the coming weeks.

The Sweden-based telecom company and Deutsche Telekom AG agreed last year to sell their respective 25% and 75% stakes in T-Mobile Netherlands to Apax Partners LLP and Warburg Pincus LLC in a deal valued at 5.1 billion euros ($5.6 billion).

Tele2 said it proposes that the full cash proceeds of the sale be distributed to its shareholders through an extraordinary dividend of 13 Swedish kronor ($1.38) a share in May.

All necessary regulatory approvals for the sale have been received and Tele2 said it expects the transaction to be closed in the coming weeks.

 

Write to Dominic Chopping at dominic.chopping@wsj.com

 

(END) Dow Jones Newswires

March 25, 2022 03:49 ET (07:49 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

1 Year Deutsche Telekom Chart

1 Year Deutsche Telekom Chart

1 Month Deutsche Telekom Chart

1 Month Deutsche Telekom Chart
Your Recent History
XE
DTE
Deutsche T..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20221201 17:39:35