You will be redirected back to your article in seconds

Deutsche Bank courts Telekom

Bank offers right of approval for future buyers

BERLIN — In its efforts to acquire Deutsche Telekom’s regional cable network, Deutsche Bank has said it is willing to grant the giant telecommunications group far-reaching concessions.

Deutsche Bank appears to be set to take over the network, although other investors have until Aug. 20 to present offers.

Deutsche Bank is seeking to purchase the nine regional networks along with regional partners to modernize and develop the aging system to accommodate Internet and telephone access on cable lines. It would then sell the networks after about three years.

While Telekom has said it intends to keep 25.1% of the networks, Deutsche Bank officials have said Telekom can also retain right of approval over later potential buyers.

Additional offers are expected from other big-name groups such as Mannesmann, Bertelsmann and Dutch cable company UPC.

More Biz

  • Doug Morris

    Doug Morris to Exit Sony Music at the End of March

    BERLIN — In its efforts to acquire Deutsche Telekom’s regional cable network, Deutsche Bank has said it is willing to grant the giant telecommunications group far-reaching concessions. Deutsche Bank appears to be set to take over the network, although other investors have until Aug. 20 to present offers. Deutsche Bank is seeking to purchase the […]

  • Oprah Responds to Trump Tweet Claiming

    Oprah Responds to Trump's Tweet Claiming Bias in '60 Minutes' Segment

    BERLIN — In its efforts to acquire Deutsche Telekom’s regional cable network, Deutsche Bank has said it is willing to grant the giant telecommunications group far-reaching concessions. Deutsche Bank appears to be set to take over the network, although other investors have until Aug. 20 to present offers. Deutsche Bank is seeking to purchase the […]

  • Music Theatre International

    Drew Cohen Named Global CEO of Music Theatre International

    BERLIN — In its efforts to acquire Deutsche Telekom’s regional cable network, Deutsche Bank has said it is willing to grant the giant telecommunications group far-reaching concessions. Deutsche Bank appears to be set to take over the network, although other investors have until Aug. 20 to present offers. Deutsche Bank is seeking to purchase the […]

  • 'Daily Show's' Michelle Wolf to Host

    'Daily Show' Contributor Michelle Wolf to Host White House Correspondents' Dinner

    BERLIN — In its efforts to acquire Deutsche Telekom’s regional cable network, Deutsche Bank has said it is willing to grant the giant telecommunications group far-reaching concessions. Deutsche Bank appears to be set to take over the network, although other investors have until Aug. 20 to present offers. Deutsche Bank is seeking to purchase the […]

  • Harvey Weinstein ousted

    Weinstein Co. Sued by Lindt Chocolatier Over Canceled Golden Globes Party

    BERLIN — In its efforts to acquire Deutsche Telekom’s regional cable network, Deutsche Bank has said it is willing to grant the giant telecommunications group far-reaching concessions. Deutsche Bank appears to be set to take over the network, although other investors have until Aug. 20 to present offers. Deutsche Bank is seeking to purchase the […]

  • Pandora Shares Surge as Fourth-Quarter Subscription

    Pandora Shares Surge as Fourth-Quarter Subscription Revenue Climbs 63%

    BERLIN — In its efforts to acquire Deutsche Telekom’s regional cable network, Deutsche Bank has said it is willing to grant the giant telecommunications group far-reaching concessions. Deutsche Bank appears to be set to take over the network, although other investors have until Aug. 20 to present offers. Deutsche Bank is seeking to purchase the […]

  • Eric Schneiderman

    Weinstein Co. Deal Moving Ahead After Three-Hour Meeting With Attorney General

    BERLIN — In its efforts to acquire Deutsche Telekom’s regional cable network, Deutsche Bank has said it is willing to grant the giant telecommunications group far-reaching concessions. Deutsche Bank appears to be set to take over the network, although other investors have until Aug. 20 to present offers. Deutsche Bank is seeking to purchase the […]

More From Our Brands

Access exclusive content