Deutsche Telekom to Buy Out T-Online for $3.6 Billion
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Deutsche Telekom AG, Europe&#39;s largest phone company, plans to buy out investors in its T-Online Internet division in a transaction worth about 2.9 billion euros ($3.
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(InfoWorld) - The European Commission gave the go-ahead for theÂ â¬675 million saleÂ ($887 million) of AOLâs German Internet service provider to Telecom Italia on Wednesday, after a month-long probe of the deal. "The Commission's examination of the proposed transaction showed that the horizontal overlaps between the activities of Telecom Italia and AOL in Germany (i.e. broadband and narrowband Internet access services) are limited and that the combined firm would continue to face a number of strong, effective competitors, notably the incumbent Deutsche Telekom," the Commission said in a statement. Time Warner has beenÂ retreating from AOL's Internet access businessÂ in Europe, where its subscriber numbers have been declining. In September it agreed to sell its French operation to Neuf Cegetel for â¬288 million, and has beenÂ in talks with suitors in the U.K., including satellite TV broadcaster British Sky Broadcasting Group. The company has about 5.9 million customers for its three European divisions, in the U.K., France and Germany. For Telecom Italia, the deal is part of a reorganization away from telephony towards broadband Internet access. Buying AOL Germany will help consolidate its broadband access service in Europe, the company said recently. The move would make the company the second largest Internet access provider in Germany with over 3 million subscribers, it said. Under the deal's terms, AOL will provide Telecom Italia with co-branded entertainment services to all of its residential customers for five years. AOL will also retain responsibility for all online advertising, also for five years.ADVERTISEMENTNEW IT SERVICES FROM IBM: EASIER TO BUY AND IMPLEMENTDiscover a simpler, more cost-effective way to get the solutions your company needs to grow more flexible and efficient.
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German telecommunications giant Deutsche Telekom and its Internet arm T-Online said they had agreed the terms of the proposed share swap that would see the Internet services provider delisted from the stock exchange and reintegrated into Deutsche Telekom.
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Contract electronics maker Flextronics International Ltd.  said on Monday that it would acquire rival Solectron Corp.  for $3.6 billion in cash and stock.
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As part of an ongoing effort to distance itself from the ISP business both domestically and in Europe, AOL parent Time Warner said Monday it is selling AOL Germany to Telecom Italia for about $870 million in cash.
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Germany's music industry has switched efforts to sell music over the Internet to Deutsche Telekom's (DTEGn.DE) Web unit T-Online (TOIGn.DE) from a previous collaboration with another Telekom division, it was announced on Monday.
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The company&#39;s sixth buy this year is meant to aid service providers in controlling and managing Internet-based networks, such as VoIP and interactive gaming.
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Rupert Murdoch's News Corp. on Monday said it would to buy out the shareholders of its unit Fox Entertainment Group Inc. in an exchange offer valued at roughly &#36;6 billion.
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As previously reported, Deutsche Telekom announced Friday at a press conference in New York that it would begin transitioning the T-Mobile USA network to UMTS this quarter, costing the company $2.7 billion through 2009.
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FRANKFURT/LONDON  - Germany sold 6.3 percent in  phone operator Deutsche Telekom on Monday, raising up to 4.4  billion euros ($5.5 billion) as part of a privatization drive  to help it tackle a burgeoning budget deficit.
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Deutsche Telekom has consolidated its position as the largest internet company in Europe by purchasing the quarter of T-Online it did not already own for just under â¬3bn (Â£2.
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BONN: Deutsche Telekom is bidding â¬2.9 bn for the 26% it does not own in T-Online International, pulling the internet service back into the fold four years after selling stock to the public.
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Time Warner Inc. is giving up its foothold in one of the fastest-growing markets for broadband Internet access with a deal to sell AOL Germany's Internet access business to Telecom Italia SpA for about $870 million.
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Deutsche Telekom, the German telecommunications giant, indicated for the first time that it is considering reintegrating its publicly listed Internet arm, T-Online.
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Time Warner Inc. will pay $210 million to settle charges that its America Online unit fraudulently inflated its revenue figures. Separately, it is expected to pay about $300 million to settle SEC charges related to its buyout of a stake held by Germany's Bertelsmann AG in AOL Europe.
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3Com Corp. COMS.O on Monday said it  will buy network security firm TippingPoint Technologies Inc.  TPTI.O for about $430 million, as 3Com expands its  telecommunications equipment offerings to compete better in the  market for large corporate users.
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Deutsche Telekom AG, Europe's biggest telecommunications company, said Monday it will buy the remainder of SunCom Wireless Holdings Inc. for $1.6 billion in cash.