German railway operator Deutsche Bahn and banking giant Deutsche Bank plan to sell their stakes in fixed line telecom specialist Arcor to majority shareholder Vodafone, an AFP report said.
The report, quoting sources, said Vodafone already held 74% of Arcor and hoped to integrate the unit into its mobile phone activities in
The report, however, said a spokesman for Vodafone D2 denied the information, while both Deutsche Bahn and Deutsche Bank declined to comment.
Deutsche Bahn owns18% of Arcor and Deutsche Bank holds a stake of 8%.
The industry source said the two stakes could be worth around 600 million euros ($758 million).