It's time for BBned to change hands

Monday 2 November 2009 | 21:35 CET | Author: Tim Poulus | Market Commentary
Telefonica CEO Julio Linares said that a deal is close for the takoever of Germany's Hansenet, a Telecom Italia unit. The last discussion point remains the price, Linares told El Economista, with rumours putting the figure at EUR 0.9-1.0 billion. Hansenet and Dutch provider BBned, which together form Telecom Italia's European Broadband division, were put up for sale a year ago. What could the latest rumours mean for BBned? A 'back of the envelope' method values BBned at around EUR 37-75 million, leaning more to the lower part of the range. One must hope that Telecom Italia does not try to

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This article is an opinion of Telecompaper.

Categories: Fixed
Companies: BBned / HanseNet / Telecom Italia / Telefonica- Movistar
Countries: Germany / Netherlands
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