The government of Germany has no plans to sell off its shares in the country’s incumbent telecoms operator Deutsche Telekom (DT), following a report that the federal audit office recommended the state reduce its ownership in the Bonn-based telco. ‘We are not planning any reduction of our holding in Deutsche Telekom,’ Reuters quotes a spokeswoman for the Finance Ministry as saying. The Federal Republic owns a 14.5% stake in DT, which operates under the brand Telekom Deutschland, while a further 17.4% is held via state-owned KfW Bankengruppe.
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