Telefonica: No Agreement With Telecom Italia On Hansenet Price
October 09 2009 - 8:08AM
Dow Jones News
Telefonica SA (TEF) said Friday it continues to negotiate with
Telecom Italia SpA (TI) on a price for the Italian company's German
broadband unit Hansenet.
"We are interested, but no agreement has been made on price,"
Telefonica's European head Matthew Key said Friday in a meeting
with analysts.
Telefonica is Europe's largest telecommunications company by
market value.
Hansenet had 2.34 million broadband customers at the end of 2008
in Germany, and is worth around EUR1.1 billion, according to
analysts' estimates.
Telecom Italia is selling Hansenet as part of a plan to dispose
of non-core assets and says it has received expression of interest
from several European telecommunications companies.
Company Web site: www.telefonica.com
-By Jason Sinclair, Dow Jones Newswires, 34 913958127,
jason.sinclair@dowjones.com