Deutsche Telekom extends bid period

Cable networks available until Aug. 20

BERLIN — German telecommunications giant and main cable provider Deutsche Telekom has extended its deadline for offers to buy its lucrative cable networks from Friday to Aug. 20.

Telekom officials said they wanted to push back the deadline for potential buyers who are interested but need more time to make an offer. The previous date had been criticized by some as being too short.

In June, the group offered to partially sell its regional cable networks to investors who would further develop the network’s broadband capabilities.

Telekom will nonetheless keep a 25% stake in the network.

Big-name giants like Bertelsmann, Mannesmann, Deutsche Bank and Microsoft are among the parties that have expressed interest.

More Digital

  • Courtesy of 8i

    Holographic Capture Startup 8i Plans to Lay Off Half of Its Staff

    BERLIN — German telecommunications giant and main cable provider Deutsche Telekom has extended its deadline for offers to buy its lucrative cable networks from Friday to Aug. 20. Telekom officials said they wanted to push back the deadline for potential buyers who are interested but need more time to make an offer. The previous date […]

  • Sirius Logo

    SiriusXM Hit With Big Rate Hike by Copyright Royalty Board

    BERLIN — German telecommunications giant and main cable provider Deutsche Telekom has extended its deadline for offers to buy its lucrative cable networks from Friday to Aug. 20. Telekom officials said they wanted to push back the deadline for potential buyers who are interested but need more time to make an offer. The previous date […]

  • Google Home Max

    Google Home Max Review: Want Some Bass With Those Smarts?

    BERLIN — German telecommunications giant and main cable provider Deutsche Telekom has extended its deadline for offers to buy its lucrative cable networks from Friday to Aug. 20. Telekom officials said they wanted to push back the deadline for potential buyers who are interested but need more time to make an offer. The previous date […]

  • Erik Huggers Vevo

    Vevo CEO Erik Huggers Is Stepping Down

    BERLIN — German telecommunications giant and main cable provider Deutsche Telekom has extended its deadline for offers to buy its lucrative cable networks from Friday to Aug. 20. Telekom officials said they wanted to push back the deadline for potential buyers who are interested but need more time to make an offer. The previous date […]

  • Facebook

    Facebook Adds Snooze Button to Mute Friends, Pages for 30 Days

    BERLIN — German telecommunications giant and main cable provider Deutsche Telekom has extended its deadline for offers to buy its lucrative cable networks from Friday to Aug. 20. Telekom officials said they wanted to push back the deadline for potential buyers who are interested but need more time to make an offer. The previous date […]

  • vice_logo

    Disney Will Get More Vice After Acquiring 21st Century Fox's $70 Million Stake

    BERLIN — German telecommunications giant and main cable provider Deutsche Telekom has extended its deadline for offers to buy its lucrative cable networks from Friday to Aug. 20. Telekom officials said they wanted to push back the deadline for potential buyers who are interested but need more time to make an offer. The previous date […]

  • Refinery29 - philippe-von-borries-justin-stefano

    Refinery29 Lays Off 34 Staffers in Latest Sign of Digital-Media Malaise

    BERLIN — German telecommunications giant and main cable provider Deutsche Telekom has extended its deadline for offers to buy its lucrative cable networks from Friday to Aug. 20. Telekom officials said they wanted to push back the deadline for potential buyers who are interested but need more time to make an offer. The previous date […]

More From Our Brands

Access exclusive content