Deutsche Telekom to Buy Back Web Unit
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German phone giant Deutsche Telekom said it plans to buy back full control of its Internet unit by next year to profit from burgeoning demand for broadband Internet services, a move that could cost the company euro2.9 billion (US&#36;3.6 billion).
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Deutsche Telekom, the largest European phone company, has offered to buy out investors in T-Online International, its Internet division, for about E3 billion, aiming to revive growth at its fixed-line business.
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BRITISH telecoms group Cable and Wireless has agreed to sell its Japanese unit to internet service provider Softbank for Â£72.4 million ($178.
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Deutsche Telekom is offering to buy back shares in its internet subsidiary in a bid to strengthen its ability to provide bundled voice, data and video services.
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Telecom Italia has acquired GermanyÂs AOLÂs broadband Internet access business in for 675 million euros ($855 million).
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Germany is selling a E4.45 billion (R36.12 billion) stake in Deutsche Telekom, making it the fourth European government to sell state assets in the past six weeks to help reduce a deficit that exceeds EU limits ...
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German telecommunications group Deutsche Telekom pursued its international offensive on Friday, annoncing the purchase of Dutch operator Orange Netherlands from its parent group, France Telecom.
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Deutsche Telekom, the parent company of T-Mobile USA, said Monday it had agreed to acquire Southeastern US carrier SunCom for $1.6 billion USD in cash.
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Deutsche Telekom backs net phone startup Jajah - one of the first major phone firms to support such technology.
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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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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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Deutsche Telekom is ready to make acquisitions in the mobile communications sector, and could finance them by selling non-core activities such as Club Internet in France, the head of the German telecoms giant said Thursday.
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The German government on Monday sold shares worth â¬1.6 billion, or $2.14 billion, in Deutsche Telekom to the state-owned development bank KfW Group as the finance minister, Hans Eichel, strove to rein in the budget deficit.
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Indian conglomerate Tata plans to buy a stake in a high-tech unit of Germany's Deutsche Telekom which would see thousands of jobs outsourced, according to a German weekly newsmagazine.
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Slovak Telecom, the fixed-line operator controlled by Deutsche Telekom of Germany, has agreed to buy out AT&amp;T Wireless and Verizon from its mobile arm Eurotel for an undisclosed price.
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The European Commission Friday approved the planned sale of AOL LLC's U.K. Internet access business to Carphone Warehouse Group PLC (CPW) of the U.K. The deal follows recent similar sell-offs in Germany and France.
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Deutsche Telekom backs internet phone startup Jajah - becoming the first major phone firm to support such technology.