BERLIN — German telco Deutsche Telekom will get rid of its cable systems by July 1. Six remaining cable franchises will go to an investment group headed by U.S. cabler Liberty Media and the U.K.’s Klesch, a spokesman said last week at the Anga Cable Convention in Cologne.
Estimates put the price of the six as high as DM10 billion ($4.6 billion), while the entire system is valued at about $12 billion.
The sale of the regional network in the state of Baden-Wurttemberg to U.S. group Callahan Associates should be finalized by summer.
Callahan already holds a majority stake in the North Rhine-Westphalia network, while Klesch has obtained the franchise in the state of Hesse.