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Deutsche Telekom Eyes Hutchison Whampoa’s European Wireless Businesses

Germany’s incumbent telephone carrier, Deutsche Telekom, is planning to make further acquisitions in Western Europe in the coming months, and is considering Hutchison Whampoa’s wireless units as potential buyout targets, according to Wirtschaftswoche, a German weekly business magazine.

Hutchison operates mobile networks under the “3” brand name in Austria, Denmark, Ireland, Italy, Sweden, and the United Kingdom, as well as in non-European countries such as Indonesia, Australia, and its home market of Hong Kong.

Its operations in Austria, Italy, Ireland, and the UK are currently being eyed by Deutsche Telekom, according to sources cited by Wirtschaftswoche, although no concrete negotiations between Deutsche and Hutchison are known to be occurring at this time.

In US, Deutsche Telekom owns T-Mobile mobile phone carrier.

Source:
http://www.teleclick.ca/2007/10/deutsche-telekom-eyes-hutchison-whampoas-european-wireless-businesses/

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