Feeds

Tele2 buys Versatel

Triple play

  • alert
  • submit to reddit

5 things you didn’t know about cloud backup

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

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
EE fails to apologise for HUGE T-Mobile outage that hit Brits on Friday
Customer: 'Please change your name to occasionally somewhere'
Time Warner Cable customers SQUEAL as US network goes offline
A rude awakening: North Americans greeted with outage drama
We need less U.S. in our WWW – Euro digital chief Steelie Neelie
EC moves to shift status quo at Internet Governance Forum
BT customers face broadband and landline price hikes
Poor punters won't be affected, telecoms giant claims
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
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.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.