September 07 - 12:09
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Deutsche Telekom increases stake in US unit of T-Mobile
Deutsche Telekom has agreed a share swap deal worth $7bn with SoftBank Group that will see the telecoms giant increase its stake in US unit T-Mobile. in total, Deutsche Telekom has risen from 5.3% to 48.4%. Part of the funding for the deal will come from its sale of Dutch unit T-Mobile Netherlands to a consortium of private equity houses Apax and Warburg Pincus for $6.1bn.
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