No plans to reduce DT stake, government says

13 May 2014

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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