Deutsche Telekom AG agreed to acquire full ownership of its Czech unit, betting on a recovery in eastern European telecommunications, a market that contributes almost a quarter of the German carrier’s revenue.
Liberty Global Plc, the European cable company controlled by billionaire John Malone, may compete with Vodafone Group Plc for the continent’s few remaining cable assets as they seek to build pay-TV empires.
Liberty Global Plc, the company controlled by billionaire John Malone, agreed to fully take over Dutch broadband provider Ziggo NV for 4.9 billion euros ($6.7 billion) to cement its dominance in Europe’s cable industry.
Ziggo NV, the Dutch broadband provider partly owned by Liberty Global Plc, said talks to be taken over by John Malone’s company are advancing and predicted that higher marketing costs will halt profit growth this year.
Deutsche Telekom AG has recouped its investment in T-Mobile US Inc., with an increase of the unit’s value compensating for a 7.4 billion-euro ($10 billion) writedown on the asset in 2012, according to the German company’s chief executive officer.
Liberty Global Plc is putting the final touches on an acquisition of Dutch broadband provider Ziggo NV as the cable company expands its European operations, according to people with knowledge of the matter.
Deutsche Telekom AG , Europe’s biggest phone company, said Bonn prosecutors acted excessively when they raided the home of Chief Executive Officer Rene Obermann last month as part of a corruption probe.