Deutsche Telekom Lowers Value of Its BT Stake by $2.3 Billion

Deutsche Telekom AG wrote down its stake in British phone carrier BT Group Plc by 2.2 billion euros and placed it in a new unit for actively managed investments led by the company’s top M&A executive. The holding, now valued at about 5.1 billion euros, is part of a group of assets that also includes the company’s Dutch unit and its German tower business.