Versatel acquires German cable network operator AKF

Thursday 19 June 2008 | 09:15 CET | News

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German fixed network operator Versatel acquires German cable network operators AKF Telekabel TV und Datennetze (AKF). The Versatel supervisory board approved the transaction, which remains subject to the approval of the German cartel office. Versatel will pay EUR 30 million including debts to the Deutsche Wohnen group for AKF, which is based in Frankfurt am Main and operates a level 4 cable network. The deal gives Versatel direct physical access to end customers and thus leverages Versatel's main competitive advantage: its own network. In regions where AKF has a presence, Versatel has the

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Categories: Fixed
Countries: Germany
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