The CEO of Deutsche Telekom (DTEGn.DE) said he was open to finding an industrial partner for its towers infrastructure, days after Vodafone (VOD.L) said it would consider opportunities for such a move for its recently-listed towers business.
“I’d love to have an industrial partner and I’m willing to deconsolidate,” Tim Hoettges told the Morgan Stanley European Technology, Media and Telecoms conference on Thursday.
But he said he wanted to retain a role in the decision making that would follow a deal, particularly in influencing any further mergers and acquistion.
“Deconsolidation makes to me total sense – I always said that by the way, I always said a minority IPO path doesn’t make sense,” he told the online conference.