People walk past the logo of German telecommunications giant Deutsche Telekom AG seen at the Telekom's headquarters in Bonn February 25, 2016. REUTERS/Wolfgang Rattay/File Photo
FRANKFURT: Deutsche Telekom is preparing to sell thousands of German mobile phone masts in a potential €5bil (RM22.26bil) deal as it seeks to free up funds for investing in its European networks, two sources close to the matter said.
The German company has appointed Goldman Sachs and Morgan Stanley to organise an auction of the German masts, which it plans to launch in the autumn and which it hopes will value the assets at €4-€5bil (RM17.81bil-RM22.26bil) including debt, they said.
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