At least five private equity firms including Warburg Pincus, Apax and CVC are said to be interested in bidding for Deutsche Telekom's T-Mobile Netherlands business, Reuters reported.
Tele2 said it aims to enable Dutch mobile users to "drown themselves in data" after launching an LTE Advanced (LTE-A) network in the Netherlands.
The connected car concept is taking hold in the European market as three of the region's largest wireless operators-- Vodafone, Orange and Deutsche Telekom-- are taking the lead in developing new services.
Deutsche Telekom partnered with Huawei to demonstrate what it said is the first field implementation of narrow band Internet of Things (IoT) technology on a commercial network in Europe.
Connected cars are one of the fastest growing segments of the broader machine-to-machine (M2M) and Internet of Things (IoT) sectors. Network operators and in-car telematics hardware producers are increasingly cashing in on a market that SNS Research forecasts could generate revenues of $40 billion (€36.2 billion) by 2020.
BT received provisional clearance to acquire mobile operator EE, after the UK Competition and Markets Authority (CMA) decided that the move would not substantially lessen competition in any market in the UK.
There are a host of ways to make money off of connected cars. The revenue streams will be generated by services including infotainment, navigation, fleet management, remote diagnostics, automatic crash notification, safety enhancements, usage based insurance (UBI), traffic management and-- ultimately-- autonomous driving. Despite that prediction, the term "connected car" remains something of a catch-all, making it hard to determine which companies are actually making money from the market in Europe today, or indeed what exactly a "connected" car actually is.
Deutsche Telekom said a cooperation agreement with Huawei will allow it to compete head on with U.S. service providers including Amazon in the field of public cloud services.
Deutsche Telekom is considering selling its Dutch mobile subsidiary in a deal that could be worth as much as $5.7 billion (€5 billion), according to multiple reports. The transaction could help DT reduce debt and also finance T-Mobile US' purchases of spectrum in next year's incentive auction of 600 MHz broadcast TV spectrum, according to Bloomberg.
It has been widely speculated this week that Deutsche Telekom is considering selling its mobile unit in the Netherlands in a deal that could be worth almost €5 billion ($5.7 billion). Although not confirmed, one reason for a potential sale would likely be that T-Mobile Netherlands is one of the few pure-play mobile operators in the German company's portfolio.