Deutsche Telecom is back where it started - almost

NEWS Deutsche Telekom's shares fell to E16.35 (£10.15) yesterday, just over E2 (£1.24) above its IPO price following the commencement of a sell off of the shares tied up in its acquisition of VoiceStream. The bar preventing former VoiceStream shareholders from selling their shares was lifted yesterday, allowing the markets to be flooded with DT stock. As a result, DT's share price has dipped to a three year low. The lifting of the bar has sparked a furious row between DT and major shareholder, Hutchison Whampoa, who yesterday blamed the company for failing to arrange an orderly sale of the shares.