Deutsche Telekom is eyeing to invest up to €1 billion in South Eastern Europe, where it already has a strong presence in a number of markets.
Quoting FT Deutschland, ZF says that a key target will be the 46% of shares in the Romanian incumbent telco Romtelecom still owned by the state, which are likely to be valued by analysts at over €300 million.
However, the Romanian government would like to obtain over €1 billion for the stake.
Any acquisition would be undertaken by Telekom-backed OTE, which is the majority shareholder in Romtelecom.
Other markets likely to attract Telekom’s interest include Serbia and Kosovo.