0
Broadband

Deutsche Telekom mulls sale of classifieds unit - report

Thursday 17 January 2013 | 14:24 CET | News
Deutsche Telekom is considering selling its digital classifieds business in 2013, in a deal which could raise EUR 1.5 billion, reports Bloomberg citing unnamed sources familiar with the matter. Two of the sources said that Telekom planned to appoints banks as early as Q1 2012 to prepare for a sale or IPO of Scout24 Holding. Scout24 has 13 million monthly users and operates in 22 countries.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: Deutsche Telekom
Countries: Germany
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Deutsche Telekom agrees Scout24 sale for EUR 1.5 bln

Published 21 Nov 2013 16:26 CET | Germany
Deutsche Telekom has reached an agreement to sell a 70 percent stake in its directories unit Scout24 to Hellman & Friedman. ...

Deutsche Telekom meets FY targets, Q4 revenue down 1.4%

Published 28 Feb 2013 08:43 CET | Germany
Deutsche Telekom reported 2012 results down in line with its outlook and reiterated its forecasts for increased investment in the ...

Telekom in talks to sell Scout24 to Axel Springer - report

Published 28 Jan 2013 11:12 CET | Germany
Deutsche Telekom is understood to be in talks with Axel Springer about the sale of its Scout24 Group digital classifieds ...

Deutsche Telekom announces SureNow insurance app portal

Published 22 Jan 2013 10:45 CET | Germany
Deutsche Telekom has announced the launch of the SureNow applications portal, which enables customers to buy insurance via ...

Deutsche Telekom cuts dividend in favour of investments

Published 07 Dec 2012 09:18 CET | Germany
Deutsche Telekom has announced a reduction in its dividend in the coming years, as it steps up investment in new broadband ...