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Deutsche Telekom sells Strato to United Internet for €600m after giving up on HEG

Connectivity BusinessbyConnectivity Business
December 15, 2016
in Investments, Space Services
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Deutsche Telekom has agreed to sell its web-hosting unit Strato to local ISP United Internet for about €600m (US$629m). The German incumbent said a “component of [its] strategy is to consider options for increasing the value of business areas that can no longer be adequately developed within the Deutsche Telekom Group, through partnerships or disposals.” Deutsche Telekom (ETR:DTE) has agreed to sell its […]

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Tags: Apollo Global ManagementDeutsche TelekomEuropeGoDaddyHellman & FriedmanHost Europe Group (HEG)inexioPremiumStratoTele ColumbusTF251United InternetWarburg Pincus
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