Fresh from its acquisition of German fibre operator Versatel last month, ISP United Internet is eyeing more purchases as it continues its efforts to consolidate Germany’s broadband market.
United Internet plans to expand its network and sees further…
Fresh from its acquisition of German fibre operator Versatel last month, ISP United Internet is eyeing more purchases as it continues its efforts to consolidate Germany’s broadband market.
United Internet plans to expand its network and sees further opportunities to buy smaller operators, its CEO Ralph Dommermuth told German publication Manager Magazin.
Dommermuth did not name specific telcos.
At the start of September, United Internet agreed to pay €586m (US$770.3m) for private equity firm KKR’s 74.9% stake in Versatel and assume the telco’s €361m (US$474.5m) debt.
The Versatel acquisition strengthened United Internet’s position as Germany’s number two DSL provider, behind Deutsche Telekom.
The ISP will be able to boast 4.12 million subscribers when the deal closes, which is expected to happen this month subject to antitrust approval.
