Telefonica Buying German ISP Hansenet For O2 Triple-Play
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Looking to grow its O2 Germany division, Telefonica (NYSE: TEF) is buying German broadband provider Hansenet for the not-inconsiderable €900 million in cash.
Telefonica aims to marry its mobile and fixed-line telephony services with Hansenet’s 2.2 million DSL subscribers, making for an integrated, bundled triple-play.
And Telefonica says the combination will make it the third largest German player, with €5 billion annual revenue.
The combined company will have 15 million mobile and 2.4 million mobile customers.
Nov 5, 2009 12:02 PM ET
Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions
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