Deutsche Telekom eyes stake in Fon - report

Monday 28 January 2013 | 11:03 CET | News
Deutsche Telekom is considering acquiring a stake in Wi-Fi operator Fon as it looks to cope with rising mobile data demand, reports the Wall Street Journal citing unnamed sources familiar with the talks. The sources said that Telekom and Fon have already signed a letter of intent, although the size of the stake and its value are not decided. An agreement with Fon would provide a major boost to Deutsche Telekom's strategy to grow revenues from mobile data services. In Germany, it offers access to over 11,000 hotspots, while through partner networks, customers can access over 50,000 hotspots

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Categories: Internet / Mobile & Wireless
Companies: Deutsche Telekom / FON
Countries: World
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