Liberty seals deal for Teuton cablers

German antitrust authorities casting watchful eye

BERLIN — John Malone’s Liberty Media and German telco Deutsche Telekom have finally sealed an agreement for Liberty to acquire six of DT’s nine regional cable networks.

Liberty will pay an estimated 5.5 billion euros ($5 billion) once it has been given the go ahead by Germany’s anti-trust authorities, who have expressed concerns over the fact that Liberty is also a shareholder in content providers AOL Time Warner and News Corp and has other cable interests in Germany.

The deal was reportedly finalized after the inclusion of a clause which would allow Liberty to pull out if German regulators object to its plans.

Reaching an agreement is good news for DT, which says it will use the cash to pay off debts.

“Today DT has reached its goal of separating itself from its TV cable systems,” Gerd Tenzer, DT’s head of production and technology, said.

The deal concludes the sale of DT’s networks. U.S. media group Callahan previously picked up two networks, and U.K. investment company Kletsch bought another.

It remains to be seen how Liberty will develop the networks, which are in need of upgrading. Some in the industry fear Liberty will forego investment in broadband Internet and instead concentrate on entertainment content.

More Biz

  • Sag Awards Preview

    How to Watch SAG Awards 2018 Online

    BERLIN — John Malone’s Liberty Media and German telco Deutsche Telekom have finally sealed an agreement for Liberty to acquire six of DT’s nine regional cable networks. Liberty will pay an estimated 5.5 billion euros ($5 billion) once it has been given the go ahead by Germany’s anti-trust authorities, who have expressed concerns over the […]

  • Women's March rallyWomen's March rally, New

    Celebrities Champion LA, NYC Women's Marches: 'March On, My Sisters!'

    BERLIN — John Malone’s Liberty Media and German telco Deutsche Telekom have finally sealed an agreement for Liberty to acquire six of DT’s nine regional cable networks. Liberty will pay an estimated 5.5 billion euros ($5 billion) once it has been given the go ahead by Germany’s anti-trust authorities, who have expressed concerns over the […]

  • L.A. Women's March: Scarlett Johansson, Viola

    Viola Davis, Scarlett Johansson, Others Rally Thousands at Los Angeles Women's March

    BERLIN — John Malone’s Liberty Media and German telco Deutsche Telekom have finally sealed an agreement for Liberty to acquire six of DT’s nine regional cable networks. Liberty will pay an estimated 5.5 billion euros ($5 billion) once it has been given the go ahead by Germany’s anti-trust authorities, who have expressed concerns over the […]

  • Thousands of people gather holding protest

    Marchers Reference 'Get Out,' 'Black Mirror' at New York City Women's March

    BERLIN — John Malone’s Liberty Media and German telco Deutsche Telekom have finally sealed an agreement for Liberty to acquire six of DT’s nine regional cable networks. Liberty will pay an estimated 5.5 billion euros ($5 billion) once it has been given the go ahead by Germany’s anti-trust authorities, who have expressed concerns over the […]

  • Los Angeles Women's March

    How to Watch the Los Angeles Women’s March Online

    BERLIN — John Malone’s Liberty Media and German telco Deutsche Telekom have finally sealed an agreement for Liberty to acquire six of DT’s nine regional cable networks. Liberty will pay an estimated 5.5 billion euros ($5 billion) once it has been given the go ahead by Germany’s anti-trust authorities, who have expressed concerns over the […]

  • Lori Mccreary and Gary Lucchesi PGA

    How Harvey Weinstein Drove the PGA to Combat Sexual Harassment on Set

    BERLIN — John Malone’s Liberty Media and German telco Deutsche Telekom have finally sealed an agreement for Liberty to acquire six of DT’s nine regional cable networks. Liberty will pay an estimated 5.5 billion euros ($5 billion) once it has been given the go ahead by Germany’s anti-trust authorities, who have expressed concerns over the […]

  • Bob Bakish, President and CEO of

    Viacom CEO Bob Bakish Earned $20.3 Million in 2017

    BERLIN — John Malone’s Liberty Media and German telco Deutsche Telekom have finally sealed an agreement for Liberty to acquire six of DT’s nine regional cable networks. Liberty will pay an estimated 5.5 billion euros ($5 billion) once it has been given the go ahead by Germany’s anti-trust authorities, who have expressed concerns over the […]

More From Our Brands

Access exclusive content