The AFP report, citing the weekly paper WirtschaftsWoche, said Blackstone, which in April acquired a 4.5% stake in Deutsche Telekom and had a seat on the group's supervisory board, was preparing to raise 60 billion euros ($76 billion) from investors by the end of this year in order to launch a full takeover offer next spring.
But Blackstone denied the report, the AFP report said.
"We've never wanted to buy more than 4.5% in Deutsche Telekom because we believe that is sufficient to be a key shareholder in the group," Blackstone spokesman John Ford was quoted as saying. "Our investment idea for Deutsche Telekom is based on the 4.5% stake and possibly a seat on the group's supervisory board. Any questions about the more distant future are hypothetical and of no relevance."
The German government holds a direct stake of 14.62% in Deutsche Telekom, plus a further 16.63% indirectly via the public-sector development bank KfW, which
Both the government and KfW said they had no knowledge of a bid by Blackstone, the AFP report said.
A Deutsche Telekom spokesman said the government and KfW had both said they intended to remain the biggest shareholders for some time to come, the report further said.