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General

United Internet to acquire more city networks

Friday 14 August 2015 | 12:25 CET | News
United Internet is seeking to buy urban fibre-optic networks to expand the national grid of Versatel, which it bought last year, its chief executive Ralph Dommermuth told Reuters. He is also on the lookout for more acquisitions to bolster its business applications unit, which it may list separately on the stock exchange, following the acquisition of Poland's web hoster home.pl. But he said deals in the near future would likely be under EUR 100 million, after a series of billion-euro acquisitions, including a stake in mobile rival Drillisch and ecommerce group Rocket Internet.

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