German telecoms giant Deutsche Telekom plans to float part of its internet services provider, T-Online, according to a report.
Published:
15 January 2000 y., Saturday
Deutsche Telekom says no final decision has been taken yet. The Financial Times newspaper quoted documents drawn up by the company in December. It said the flotation had been scheduled for between 3 April and 20 April. T-Online has four million subscribers.
A preliminary valuation has valued T-Online at up to $15-to-$17 billion, the documents reportedly said. An April float date for T-Online avoids a clash with the expected sale of a third tranche of Deutsche Telekom, which the company wants to take place from the middle of this year. T-Online has four million subscribers. Deutsche Telekom valued the company by comparing its subscriber base with that of Freeserve, spun off by retailer Dixons, and Freenet, the ISP owned by Germany's Mobilcom. The proceeds from the flotation are likely to be used to finance other internet-related acquisitions.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
HP (NYSE:HPQ) today announced financial results for its first fiscal quarter ended Jan. 31, 2009, with net revenue of $28.8 billion, up 1% from a year earlier and up 4% when adjusted for the effects of currency.
more »
Saddled with an ongoing housing crisis, rising unemployment and an arguably flawed system of balancing the budget, California's "Golden dream" has turned a dismal shade of gray.
more »
ATM software provider Level Four Americas LLC found in a recent survey that 67 percent of U.S. adults who use financial institution with ATMs would be likely to switch FIs after an instance of ATM fraud or a data breach.
more »
As designers put the finishing touches to their collections ahead of this year New York fashion week, the recession is on everyone's minds.
more »
On February 17 - March 13 this year, AB Bank SNORAS distributes one-year bonds with the fixed 11 per cent annual return, which can be regained after keeping the bonds for at least 28 days.
more »
Europe's controversial fishing policy was under scrutiny Tuesday at a public hearing in Parliament about its future shape.
more »
The European Commission has approved, under EC Treaty state aid rules, a Swedish aid scheme intended to bolster the financing of the real economy by providing capital to banks.
more »
During the draw another five winners of the Danske Bankas monthly Scholarship award were announced.
more »
In the special action of Bank SNORAS the participating depositors were presented 12 monetary prizes whose value reaches from 1 up to 50 thousand Litas.
more »
Solid performance despite rapid economic slowdown.
more »