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10 May, 2007 10:26
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Deutsche Telekom and Neuf Cegetel reach agreement on T-Online France
Deutsche Telekom AG has reached an agreement on the sale of its French Internet subsidiary T-Online France S.A.S. Neuf Cegetel will take over all the shares in the company, which operates under the Club Internet brand and operates as an Internet Service Provider.
The transaction is subject to approval by the French anti-trust authorities. Both parties aim to complete the transaction by the end of H1 2007.
The transaction forms part of the “focus, fix and grow” strategy announced on March 1, 2007, by the Deutsche Telekom Board of Management.
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