BERLIN (Reuters) – Deutsche Telekom <DTEGn.DE> is looking into the possibility of a tie-up with its French peer Orange <ORAN.PA>, German business daily Handelsblatt reported on Wednesday, citing managers close to the matter.
The German group is assessing the potential of such a deal in a strategy scenario, the paper added.
Deutsche Telekom and Orange were not immediately available for comment.
Deutsche Telekom’s shares extended their gains and were up 1.55% at 1325 GMT. Orange’s shares rose 1.4%.
(Reporting by Tassilo Hummel; additional reporting by Mathieu Rosemain; editing by Thomas Seythal)