Dutch exit nets DT €3.8bn for M&A ‘cookie jar’

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Former DT CEO Obermann steps in with buyout of T‑Mobile Netherlands through Apax–Warburg Pincus consortium. Deal is culmination of turnaround effort launched in 2016 when last attempt to sell NatCo fell through. DT directs some of proceeds towards re-inflating T-Mobile US stake, but has other “ideas” up sleeve.

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