Laxey pushes for sale of T-Mobile USA

Tue, 07 Nov 2006

Deutsche Telekom is reportedly under pressure to sell its T-Mobile operations in the US after Laxey Partners, the UK hedge fund bought a significant stake in the company. Laxey director Colin Kingsnorth has also sent a letter to the chairman of Deutsche Telecom expressing his concerns about T-Mobile USA and other non-core activities, including Deutsche's property portfolio.