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Deutsche Telekom to buy Strato for €275m
20 November 2009
Deutsche Telekom is to buy rival operator Freenet’s web-hosting operation for €275 million, as shareholders in the German incumbent approve a move to merge fixed and mobile operations
Read more:
[Deutsche Telekom]
[Strato]
[Freenet]
[T-Mobile]
[T-Home]
[Germany]
Comment: It’s significant that Deutsche Telekom — Europe’s biggest incumbent operator — is starting to buy businesses again. The Strato deal strengthens its position in its home market, though we still await developments outside Germany.
Deutsche Telekom will buy Strato, a web-hosting unit belonging to mobile operator Freenet, for €275 million in cash.
The...
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