Deutsche Telekom considers cable operator acquisitions
18 August 2014 |
Deutsche Telekom is contemplating the acquisition of smaller cable operators, according to local reports.
Niek Jan van Damme, head of the company’s German operations, was cited as saying: “We are closely monitoring the TV-cable market and keep purchasing options open. But things must fit together.”
A local publication hinted towards cable firms Primacom and Tele Columbus as potential targets but nothing has been confirmed.
The telecoms industry is increasingly looking to optimise the convergence of TV with telecoms services such as mobile, fixed-line and broadband via strategic mergers and acquisitions.
Deutsche Telekom is also looking to expand its high-speed DSL broadband to rural areas of the country and aims to cover 90% of the population, but this will not come without a cost.
Van Damme reportedly said they would require €10 billion in government funding to achieve this, and “we would need another €15 billion for the remaining 10% [of the population]”.
In April this year, Deutsche Telekom secured its acquisition of GTS Central Europe.