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Broadband

United Internet considers bid for rest of Versatel

Friday 15 August 2014 | 12:33 CET | News
German internet service provider United Internet is considering a complete takeover of cable group Versatel, in which it already owns a stake. United Internet CEO Ralph Dommermuth told Reuters that the option was under consideration. "It does not often happen that the second largest German fibre optic cable network comes on the block," he said. United Internet bought a 25 percent stake in Versatel for EUR 60 million in 2012. Buyout group KKR owns the rest of the group, whose network spans 33 of the 50 largest German cities and totals 53,000 kilometres. KKR recently launched the sale of its

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Categories: Fixed
Companies: United Internet / Versatel
Countries: Germany
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