DT selling broadcast unit

Deutsche Telekom is selling its German media broadcast business to private equity firm in a transaction worth between E800 million and E900 million. They will chose between bids from the Macquarie Infrastructure Group and TPG private equity of the US.

Deutsche Telekom’s chief executive, René Obermann, had signalled the possiblesale of the media broadcast business in March. He announced then that Deutsche Telekom was reviewing the future of the unit, which has about E500 million in annual sales and 1,200 employees, most of them based in Germany.

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