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Info Telefnica eyes HanseNet and United Internet - 16-March-2009, 12:40

Telefnica eyes HanseNet and United Internet




The long awaited consolidation in the German telecommunications market could come about sooner than expected. Spanish telco Telefnica is interested in ADSL providers HanseNet and United Internet, according to a report in German newspaper Frankfurter Allgemeine Zeitung.

The acquisition price could be around a billion euros each, the report claims. A spokesperson from HanseNet parent company Telecom Italia was the only company representative prepared to comment: The sale process of HanseNet has only just begun. In this initial phase Telecom Italia is meeting with numerous parties which have expressed an interest.

Telefnica is present in Germany with its mobile network operator O2, which is also offering ADSL connections. HanseNet operates a triple-play package comprising TV, telephony and internet under the brand Alice, while United Internet, with brands such as 1&1, GMX and Web.de, offers internet and telephony. Together with television group ProSiebenSat.1, United Internet also operates online video library maxdome.

With the acquisition of both companies Telefnica would become the largest competitor to Deutsche Telekom in the fixed-line market.
   
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