According to media reports, Deutsche Telekom is currently examining options for saying goodbye to its IT subsidiary T-Systems. In addition to a sale, a complete spin-off and realignment are apparently also up for discussion.
The newspaper writes that in addition to a sale, a division and sale of individual divisions and a spin-off from T-Systems with a new structure are possible. In the latter case, Deutsche Telekom would retain a one-third stake in its subsidiary. Another third would be with the German Federal Government, which is already a major shareholder in Telekom. The last third could then be given to one or more investors.
These plans have already been discussed with the major shareholder, the federal government, it is said. Initial talks are also being held with potential buyers – including Accenture and Capgemini. Should there be a sale in the end, it could take place in September 2022, according to the report. Because T-Systems serves the German Armed Forces and the Federal Intelligence Service, among other things, the project could become relatively complicated – especially if the buyer does not come from the European Union, for example. So the corresponding business would first have to be detached.
T-Systems has been worrying the parent company for a while. Despite extensive restructuring, in which sectors such as cybersecurity and IoT were transferred to their own companies and thousands of employees were laid off, the subsidiary is still in the red. It currently employs around 29,000 people, and in 2020 the company posted sales of 4.2 billion euros and a pre-tax loss of 650 million euros.
Source: com! professional by www.com-magazin.de.
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