Feeds

Tele2 buys Versatel

Triple play

  • alert
  • submit to reddit

Boost IT visibility and business value

Stockholm-based Tele2 AB has offered to buy Versatel Telecom International for a total of €1.34bn to boost its expansion on the continent.

As part of the deal, investment firm Apax Partners will acquire Versatel's German operations, the company announced this morning. Versatel has been highly successful in building its German operations, which accounted for approximately 47 per cent of its consolidated EBITDA in Q1 2005.

Tele2 says it is fully committed to the triple play strategy of Versatel in the Netherlands. That company will offer exclusive soccer games through ADSL2+ this fall, in combination with broadband internet and VoIP. Tele2 will migrate its existing traffic onto Versatel's network, meaning it will no longer rely on KPN's network for its carrier select services.

The combination of Tele2's existing operations in the Benelux market area with Versatel Benelux will have revenues of approximately €800m and EBITDA of approximately €112m.

The takeover means Big Brother creator John de Mol's Versatel stake will fetch €475m.

Just last week Versatel had to deny reports that it was in takeover talks with Deutsche Telekom, after pranksters had issued a fake press release.

Related stories

Fake press release pumps up the volume
Tele2 increases prices for early morning calls
Tele2 slips 3G into Sweden

The Essential Guide to IT Transformation

More from The Register

next story
Scotland's BIG question: Will independence cost me my broadband?
They can take our lives, but they'll never take our SPECTRUM
Bring back error correction, say Danish 'net boffins
We don't need no steenkin' TCP/IP retransmission and the congestion it causes
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
NBN Co adds apartments to FTTP rollout
Commercial trial locations to go live in September
Samsung Z Tizen OS mobe is post-phoned – this time for good?
Russian launch for Sammy's non-droid knocked back
Telstra to KILL 2G network by end of 2016
GSM now stands for Grave-Seeking-Mobile network
Seeking LTE expert to insert small cells into BT customers' places
Is this the first step to a FON-a-like 4G network?
What FTC lawsuit? T-Mobile US touts 10GB, $100 family-of-4 plan
Folks 'could use that money for more important things' says CEO Legere
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.