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Deutsche Telekom To Net

Deutsche Telekom To Net

As expected, Deutsche Telekom (DT) looks set to sell its cable assets to a consortium of financial investors for between â‚Ź1.7 billion and â‚Ź2.0 billion. The price range falls slightly short of the â‚Ź2.2 billion that DT had hoped to secure for the six regional cable franchises.

The Financial Times today says that the deal could be unveiled as early as this week, after reporting at the beginning of the month that the consortium of Apax Partners, Providence Equity Partners and Goldman Sachs Private Equity looked set to clinch the deal (see Deutsche Telekom May Not Get Asking Price For Cable Sale, Says FT).

Liberty Media had also been in the running for the businesses, bidding around ?2.0 billion in 2002 after a failed â‚Ź5.5 billion bid in 2001 (see German Regulators Block Liberty Cable Deal).

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