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Tag: deutschland
Cartel Office blocks Kabel Deutschland, Tele Columbus deal
2013-02-19 11:15:00| Telecompaper Headlines
(Telecompaper) Germany's Federal Cartel Office has rejected a remedy package offered by German cable network operator Kabel Deutschland for its proposed acquisition of rival Tele Columbus. Kabel Deutschland offered to divest Tele Columbus networks in the cities of Berlin, Dresden and Cottbus. However, the Cartel Office wants the company to divest around 60 percent of Tele Columbus networks in Eastern Germany, twice as many as offered by Kabel Deutschland. Kabel Deutschland believes that these demands are not commercially reasonable and now expects the takeover to be blocked by the regulator. It said it will instead focus on exploiting organic growth potential, focusing on internet, phone and premium TV services. Kabel Deutschland first announced the proposed takeover last May, for EUR 603 million. In December 2012, the regulator raised objections, and in January, the operator offered to sell some of the Tele Columbus assets to gain approval.
Tags: office
deutschland
deal
blocks
Kabel Deutschland hires banks to advise on strategy
2013-02-19 01:00:00| Total Telecom industry news
German cableco appoints Morgan Stanley, Perella Weinberg Partners, source claims.
Tags: deutschland
strategy
banks
advise
Vodafone considers bidding for Kabel Deutschland - report
2013-02-13 14:21:00| Telecompaper Headlines
(Telecompaper) Vodafone Group is considering making a bid for German cable operator Kabel Deutschland, reports the Financial Times. According to unnamed people with knowledge of the matter, Vodafone has not made a decision nor approached the German company, although a possible bid has been discussed by senior managers. In 2012, Vodafone acquired Cable & Wireless Worldwide, giving it a fibre network in the UK. After Vodafone announced its Q3 results recently, CEO Vittorio Colao said that it would continue looking at the European cable market and would either agree commercial deals with cable firms, invest in its own fibre networks or look to acquire existing assets. News of a possible bid for Kabel Deutschland was first reported by Germany's 'Manager Magazin'.
Tags: report
deutschland
bidding
considers
Vodafone eyes Kabel Deutschland takeover
2013-02-13 01:00:00| Total Telecom industry news
Local press reports business plan for acquisition presented to group CEO Vittorio Colao.
Tags: deutschland
eyes
kabel
vodafone
Telefonica Deutschland to offer mobile money services
2013-01-21 17:14:00| Telecompaper Headlines
(Telecompaper) Telefonica Deutschland will make avaiable a smartphone-to-smartphone direct money transfer service and a digital wallet from mid-February. Both products will be presented at the annual digital conference of Hubert Burda Media (DLD) as part of a showcase event. Telefonica said it is investing early in new growth markets of the future and is pushing ahead with the expansion of its financial ecosystem at high speed.
Tags: services
money
offer
mobile
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