European telephone companies are looking for ways to raise more cash, and Germany-based Deutsche Telekom AG is following suit. The company, which has about 40,000 cell sites in Europe, may look at options like a spinoff or initial public offering, according to Bloomberg. The IPO could value assets in billions of dollars.
“Talks are still at an early stage and
no final decisions have been made about which assets might be
included,” but carving out infrastructure that transmits phone signals
can both raise cash and lower expenses, reports Bloomberg.