Reuters reports that Deutsche Telekom (T-Mobile) has "clinched" the exclusive deal with Apple to sell the iPhone in Germany.
According to Reuters source, the deal will be announced next week. This would coincide with Apple's "Mum is no longer the word" Media event to be held in London on September 18th.
The initial price of the German iPhone is expected to be 399 euros ($554). T-Mobile as reportedly agreed to the both voice and data revenue sharing with Apple.
ThinkSecret states that the iPhone will not be available in Europe until the first half of November and will not support 3G networking to start, however, could introduce 3G iPhones in Europe as early as February 2008.