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Deutsche Telekom sells Strato to United Internet

Thursday 15 December 2016 | 09:48 CET | News
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Deutsche Telekom has sold its shares in cloud service provider Strato to United Internet for approximately EUR 600 million. United Internet made the acquisition through a holding structure, in which private equity firm Warburg Pincus also holds a stake. The first payment of EUR 566 million is to be made on completion of the transaction, which is expected in the first half of 2017.

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Categories: Internet
Companies: Deutsche Telekom / Strato / United Internet
Countries: Germany
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