The lower share price of BT might cause an impairment of around €1.6bn but we do not believe this will happen. In the financial report of Q3 16 ending in September, Deutsche Telekom’s management made it clear that there is at present no objective evidence for an impairment loss on the 12% stake in BT Group to be recognised in the profit and loss account. The fair value depends not only on the ongoing development of the share price of BT but also on the exchange rate. The financial
08 Dec 2016
No impairment expected
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No impairment expected
Deutsche Telekom AG (DTE:WBO) | 0 0 0.8% | Mkt Cap: 62,447m
- Published:
08 Dec 2016 -
Author:
Heinz Steffen -
Pages:
3
The lower share price of BT might cause an impairment of around €1.6bn but we do not believe this will happen. In the financial report of Q3 16 ending in September, Deutsche Telekom’s management made it clear that there is at present no objective evidence for an impairment loss on the 12% stake in BT Group to be recognised in the profit and loss account. The fair value depends not only on the ongoing development of the share price of BT but also on the exchange rate. The financial