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
Motorola, Inc. today reported sales of $7.5 billion in the third quarter of 2008.
more »
The global financial crisis has already battered many European banks. Now it is hitting the EU auto industry, the world’s largest producer of motor vehicles.
more »
The European Commission has approved, under EC Treaty state aid rules, a German rescue package intended to stabilise financial markets by providing capital and guarantees to eligible financial institutions.
more »
A new report by the European Commission has assessed the competitiveness of the European Union in the global economy at the end of a decade of rapid economic change.
more »
Revenue surpasses $15 billion with healthy sales of enterprise software and Xbox 360 consoles.
more »
Airport charges are one of the hidden costs of flying and usually they are passed on from airlines to passengers.
more »
US and European leaders agree to series of summits on world finance.
more »
On Monday MEPs will debate a recovery plan for cod stocks in the North Sea and West Scotland. With over 70% of the world’s fish species already fully exploited or depleted, fisheries faces a crisis.
more »
A new study released by the European Commission today confirms the trend towards more private pension provision in the EU but highlights the need for inclusive coverage and adequate pension levels.
more »
Thursday, October 16, Brussels. President of the Republic of Lithuania Valdas Adamkus attended the second day session of the European Council meeting.
more »