Deutsche Telekom has received four bids for its cable television assets, all of which are below the troubled company’s expectations, according to an article in today’s Financial Times.
The paper reports that the values of the bids range from E2.0 billion to E2.3 billion; Deutsche Telekom had hoped to raise between E2.5 and E2.8 billion for the business.
US media group, Liberty Media, has put together a second bid for the cable assets, after its first attempt was blocked by the German Federal Cartel Office (see Liberty Media Puts Together Second Deutsche Telekom Bid). Liberty’s original bid was of E5.5 billion, indicating the extent to which the market value of the business has fallen.
