Mergers and Acquistions News
Categories: Telecoms
September 17th 2009, 17:06PM
A new report published by Strategy Analytics has predicted that the German telecoms market will undergo continued merger and acquisition activity in the upcoming year.
Entitled New Number Two in Germany for Q209: United Internet Surges Ahead of Vodafone, the report notes that United Internet's acquisition of freenet aided the provider in reaching 3.5 million subscribers, catapulting it to second place in the German market.
The nine major broadband service providers in the country control a combined market share of nearly 90 per cent and Strategy Analytics expects next year to bring sustained merger and acquisition activity.
"Though the German market has begun consolidating, it still has a way to go," commented John Lee, analyst in Strategy Analytics' digital consumer practice.
"Hansenet, Telecom Italia's German broadband unit, is still on the block, and Telefonica appears poised as a likely acquirer."
The acquisition of freenet's DSL business by United Internet was completed in May for €123 million (£109 million).
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