Not so long ago, a large stake in Deutsche Telekom would have been a nice asset for any company to have on the balance sheet. When telecom companies were all the rage, such holdings could be sold for a healthy profit. By last year, however, such a block of shares was far more of a millstone than a jewel.
When Chicago-based Telephone and Data Systems (TDS) found itself needing to dispose of assets to improve its own situation – including more than 130 million shares in Deutsche Telekom – the options looked limited.
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