• Most Popular
  • Most Shared

United Internet pulls out of HanseNet bidding - paper

Thu Nov 5, 2009 12:06am EST

Stocks

   

FRANKFURT, Nov 5 (Reuters) - German internet provider United Internet (UTDI.DE) is no longer bidding for local broadband operator HanseNet, a German daily said on Thursday.

Italy  |  Technology  |  Telecommuncations Services

"We are not participating in HanseNet," United Internet CEO Ralph Dommermuth told Rheinischen Post.

The report cited sources familiar with the situation that United Internet and Vodafone (VOD.L) had previously submitted bids for HanseNet, a unit of Telecom Italia (TLIT.MI).

Spain's Telefonica (TEF.MC) said last week it was in the final stages of closing a deal to buy HansetNet, with analysts estimating a sale price of between 1 billion euros ($1.47 billion) and 1.5 billion euros ($2.21 billion). [ID:nLU298698]

Italy
Technology
Telecommuncations Services


More from Reuters

Photo

House prices stall, consumer confidence up

NEW YORK (Reuters) - U.S. consumer confidence rose to a three-month high in December, while prices in the hard-hit housing sector stalled in October, breaking a five-month string of gains.

» More Top News
An employee swipes a customer's credit card through the card reader at a restaurant in Tokyo February 19, 2005.REUTERS/Issei Kato

Taking a swipe at credit cards

New legislation meant to protect consumers could be a "game changer" for the industry -- and not in a good way.  Full Article 

Economy
A traveller lifts her arms as she stands in the new security scan at Schiphol airport, Netherlands, May 15, 2007.REUTERS/Jerry Lampen

Are you ok getting "naked"?

Full-body scanners can detect weapons under clothing but also expose passengers to operators. Should security trump privacy?  Full Article | Video 

U.S.