You will be redirected back to your article in seconds

Utility may buy into Europe Online

Shareholders at Vebacom, the communications subsidiary of German utility Veba AG and Britain’s Wireless & Cable, will vote this week on the possible acquisition of a 10% stake in Europe Online, the soon-to-launch online service backed by several European publishers.

German publisher Burda is spearheading the Europe Online project, in partnership with the U.K.’s Pearson, French media group Matra-Hachette and, as of this summer, publisher Axel Springer. However, the EU has begun a preliminary investigation into the project to determine whether it violates competition law.

If the deal goes through, Pearson and Matra-Hachette will dilute their stakes to make room for Vebacom and a second, unknown partner. The German utility Veba is looking to upgrade its energy network to offer telephone services, as progressive deregulation of the industry ends the monopoly held by Deutsche Telekom.

More Digital

  • trt world

    How Turkey’s TRT World Wants to Win Over U.S. Online Video Viewers (EXCLUSIVE)

    Shareholders at Vebacom, the communications subsidiary of German utility Veba AG and Britain’s Wireless & Cable, will vote this week on the possible acquisition of a 10% stake in Europe Online, the soon-to-launch online service backed by several European publishers. German publisher Burda is spearheading the Europe Online project, in partnership with the U.K.’s Pearson, […]

  • CaptainSparkelz - Pocket.watch

    YouTube Creators CaptainSparklez, EvanTube Sign With Kid-Media Startup Pocket.watch

    Shareholders at Vebacom, the communications subsidiary of German utility Veba AG and Britain’s Wireless & Cable, will vote this week on the possible acquisition of a 10% stake in Europe Online, the soon-to-launch online service backed by several European publishers. German publisher Burda is spearheading the Europe Online project, in partnership with the U.K.’s Pearson, […]

  • Peter Thiel

    Billionaire Peter Thiel Sells Majority of Facebook Stake, Pocketing $29 Million

    Shareholders at Vebacom, the communications subsidiary of German utility Veba AG and Britain’s Wireless & Cable, will vote this week on the possible acquisition of a 10% stake in Europe Online, the soon-to-launch online service backed by several European publishers. German publisher Burda is spearheading the Europe Online project, in partnership with the U.K.’s Pearson, […]

  • Facebook

    Unsure if You Fell For Russia's Fake News? Facebook Will Tell You Soon

    Shareholders at Vebacom, the communications subsidiary of German utility Veba AG and Britain’s Wireless & Cable, will vote this week on the possible acquisition of a 10% stake in Europe Online, the soon-to-launch online service backed by several European publishers. German publisher Burda is spearheading the Europe Online project, in partnership with the U.K.’s Pearson, […]

  • New Media old media shakeup

    Murdoch Sale Talks Underscore Digital's Effect in Disrupting Hollywood

    Shareholders at Vebacom, the communications subsidiary of German utility Veba AG and Britain’s Wireless & Cable, will vote this week on the possible acquisition of a 10% stake in Europe Online, the soon-to-launch online service backed by several European publishers. German publisher Burda is spearheading the Europe Online project, in partnership with the U.K.’s Pearson, […]

  • Mosaic app

    Steven Soderbergh's 'Mosaic' App Is Now Available on Android

    Shareholders at Vebacom, the communications subsidiary of German utility Veba AG and Britain’s Wireless & Cable, will vote this week on the possible acquisition of a 10% stake in Europe Online, the soon-to-launch online service backed by several European publishers. German publisher Burda is spearheading the Europe Online project, in partnership with the U.K.’s Pearson, […]

  • John Oliver Net Neutrality

    What the Repeal of Net Neutrality Will Mean for Hollywood

    Shareholders at Vebacom, the communications subsidiary of German utility Veba AG and Britain’s Wireless & Cable, will vote this week on the possible acquisition of a 10% stake in Europe Online, the soon-to-launch online service backed by several European publishers. German publisher Burda is spearheading the Europe Online project, in partnership with the U.K.’s Pearson, […]

More From Our Brands

Access exclusive content