Deutsche Telekom considering options for BT stake

Deutsche Telekom said on Tuesday that it is considering options for its 12% stake in London-listed telecommunications company BT Group.

According to reports, chief executive Tim Hoettges said on a conference call that Deutsche Telekom expects movement within the next year.

"We have a lot of optionality in the BT business. It's too early to make a decision. We are entertaining all options," he said.

"I would say that in the next 12 months something is going to happen with the asset because the shareholder side is changing rapidly."

Hoettges was referring to the fact that French telecoms group Altice, which is owned by billionaire Patrick Drahi, took a 12.1% stake in BT in June.