German government should sell Deutsche Post, Telekom stakes:

[TrueBlueTerrier]

German government should sell Deutsche Post, Telekom stakes: advisor

http://www.reuters.com/article/2013/12/ ... UW20131216" onclick="window.open(this.href);return false;

The German government should consider selling its stakes in Deutsche Telekom and Deutsche Post to avoid conflicts of interest, an independent advisory group said on Monday.

The monopolies commission said in a report that conflict arises because the state owns stakes in the companies but also has to keep an eye on them to ensure fair competition.

The German state owns almost 32 percent of Deutsche Telekom and around 21 percent of Deutsche Post. The commission said that the Deutsche Post stake offered no real chance to exercise influence at the company and should therefore be sold.

Any proceeds from a sale could be used for investment in expanding broadband services across the country, it added.

The finance ministry declined to comment on the report.

The market share of Deutsche Telekom in the broadband market has declined 2 percentage points over the last two years and stood at 44 percent in mid-2013, the agency added.