Feeds

Tele2 buys Versatel

Triple play

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

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

Beginner's guide to SSL certificates

Whitepapers

Go beyond APM with real-time IT operations analytics
How IT operations teams can harness the wealth of wire data already flowing through their environment for real-time operational intelligence.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Website security in corporate America
Find out how you rank among other IT managers testing your website's vulnerabilities.