Deutsche Telekom hasn’t been that successful in 2002 in making asset disposals or cutting debt. The sale of its cable businesses, for example, has been delayed and the price it is negotiating is unlikely to reach the e2.5 billion it predicted halfway though the year.
But grappling with net debt of a mere e64 billion, DT treasurer Gerhard Mischkle has been at pains to point out that delays to non-core asset disposals will not hold up debt reduction plans.
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