German mobile operator Freenet AG Thursday said it will sell its web-hosting unit Strato to Deutsche Telekom AG, a deal which will make the telecom giant Germany's second-largest web host, after United Internet AG.
http://www.totaltele.com/view.aspx?ID=450900
Nov 20, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
Deutsche Telekom AG has agreed to acquire the entire issued share capital of STRATO AG and STRATO Rechenzentrum AG from freenet AG for a cash consideration of EUR275 million. All the parties are based in Germany.
Deutsche Telekom is a provider of telecommunications and information technology services, while freenet is an Internet and telecommunication services provider. STRATO AG and STRATO Rechenzentrum are providers of web hosting services.
Rumor (September 16, 2009):
According to Trading Markets, the Handelsblatt newspaper reported that Deutsche Telekom is planning to acquire STRATO AG, which is valued at approximately EUR300 million, from freenet AG.
Reportedly, United Internet AG is also in the race to acquire STRATO AG.
Arma Partners LLP is acting as financial advisor and Hengeler Mueller as legal advisor to freenet.
Deal Value (US$ Million) 410.28
Deal Type Acquisition
Sub-Category 100% Acquisition
Deal Status Announced: 2009-11-19
Deal Participants
Target 1 (Company) STRATO AG
Target 2 (Company) STRATO Rechenzentrum AG
Acquirer (Company) Deutsche Telekom AG
Vendor (Company) freenet AG
Deal Rationale
The acquisition will enhance Deutsche Telekom's position in the market of hosting solutions. The transaction will complement Deutsche Telekom's activities in the hosting area.
The sale of STRATO is part of freenet's strategy to focus on providing mobile services.
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Tags: acquisition advisor germany hosting information technology internet legal newspaper telecommunications web
Companies: Deutsche Telekom AG (DT)
Permalink
Nov 20, 2009 (DMEUROPE via COMTEX) --
The shareholders of Deutsche Telekom have approved the proposed merger
between the fixed network and mobile network operations of the company
in Germany. The decision was made during an extra-ordinary shareholders
meeting on 19 November. The merger will put Deutsche Telekom in a
better position to offer integrated solutions and services for fixed
network and mobile communications from a single source. At the same
time, the operator is continuing to focus on efficient planning and the
simplification of systems and wholesale products. Deutsche Telekom has
been working with a more regionally and functionally oriented focus
with its new management structure since July of this year. Overall, the
company expects the spin-off to generate a medium-term boost up to
earnings of EUR 0.6 billion.
Distributed for DMeurope.com via M2 Communications (www.m2.com)
Tags: earnings germany merger products wholesale
Companies: Deutsche Telekom AG (DT)
Permalink
Nov 18, 2009 (DMEUROPE via COMTEX) --
Deutsche Telekom has extended its sponsoring agreement with German
football club FC Bayern Munich until 2013. The operator will stay on as
head sponsor and T-Home will be shirt sponsor for the coming years.
Deutsche Telekom will also use the agreement to market its own IPTV
Bundesliga service Liga total among the Bayern fans. No financial
details were disclosed.
Distributed for DMeurope.com via M2 Communications (www.m2.com)
Tags: market
Companies: Deutsche Telekom AG (DT)
Permalink
Nov 19, 2009 (DMEUROPE via COMTEX) --
Deutsche Telekom requests shareholder approval for the merger of T-Home
and T-Mobile in Germany to create a single company in order to increase
their competitiveness. Deutsche Telekom has therefore invited its
shareholders to an extraordinary shareholders' meeting in Hanover on 19
November. The merger will put Deutsche Telekom in a better position to
offer integrated solutions and services for fixed network and mobile
communications from a single source. At the same time, the operator is
continuing to focus on efficient planning and the simplification of
systems and wholesale products. Deutsche Telekom has been working with
a more regionally and functionally oriented focus with its new
management structure since July of this year. Overall, the company
expects the spin-off to generate a medium-term boost up to earnings of
EUR 0.6 billion
Distributed for DMeurope.com via M2 Communications (www.m2.com)
Tags: earnings germany merger products wholesale
Companies: Deutsche Telekom AG (DT)
Permalink
Deutsche Telekom has agreed to use MicrosoftTV s IPTV Edition middleware platform for their deployment of IPTV in the second half of 2006. The Deutsche Telekom deal is Microsoft s second largest with the largest presumably being the deal with AT&T for $400 million.
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T-Home: Alles für Zuhause. Privatkunden-Angebote rund ums Telefonieren und ... Deutsche Telekom AG und FC Bayern München AG verlängern Partnerschaft bis 2013
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