Deutsche Telekom Offers $1.75 Billion for Dutch Unit of Orange

Deutsche Telekom is offering around 1.3 billion euros ($1.75 billion) for the Dutch unit of Orange, the mobile phone subsidiary of France Telecom, a source close to the matter told Agence France-Presse.

The amount is lower than the 1.6 billion euros mooted until now in the German press.

France Telecom confirmed last night that it was studying an offer.