Deutsche Telekom (DT) is eyeing potential fixed-line takeover targets in Poland in an effort to boost growth and diversify revenue.
Miroslav Rikowski, CEO of DT’s Polish unit T-Mobile Polska, told Bloomberg the company is looking for a target with…
Deutsche Telekom (DT) is eyeing potential fixed-line takeover targets in Poland in an effort to boost growth and diversify revenue.
Miroslav Rikowski, CEO of DT’s Polish unit T-Mobile Polska, told Bloomberg the company is looking for a target with “a big scale of operations”. He declined to name potential targets but said those being considered can be counted on one hand. Contradicting certain media reports, he denied the company is looking at Poland’s second-largest fixed-line telco Netia.
Rikowski said he would be pleased if a decision on a takeover is made this year, adding that he thinks the chances are “very high”.
He declined to comment on whether DT is interested in GTS Central Europe, which provides phone and internet services to businesses throughout the region. A late September report in Germany’s Manager Magazin said DT was close to reaching an agreement with GTS’ private equity owners to acquire the company for about €500m (US$674.8m), however other reports have said the sale has been called off. Spokespeople for both DT and GTS have declined to comment on the matter. US-based Level 3 Communications is also reported to be interested in GTS.
Rikowski said mobile operators without a fixed-line arm will find it hard to stop their revenues declining.
