Joh. A. Benckiser, the investment arm of the billionaire Reimann family, agreed to buy D.E Master Blenders 1753 NV for about 7.5 billion euros ($9.8 billion) to build a coffee conglomerate in the industry’s biggest deal ever.
Deutsche Telekom AG, Germany’s largest phone company, plans to roll out a technology to accelerate broadband on its old copper lines starting next year, providing a cheaper alternative to fiber-optic cables.
Deutsche Telekom AG has “everything under control,” with regards to the sale of T-Mobile USA to AT&T Inc., board member Niek Jan van Damme told reporters on the sidelines of the IFA consumer electronics fair in Berlin today. Van Damme said the company doesn’t depend on the cash from the deal to pursue its investment plans in other markets, adding that “of course extra funds would be good.”
Deutsche Telekom AG said a combination of its German network with France Telecom SA’s domestic system to create Europe’s largest single network would create little value and be too difficult to manage.
Deutsche Telekom AG expects to reach an agreement with Sky Deutschland AG to cooperate on broadcasting rights for Germany’s Bundesliga soccer matches, Der Tagesspiegel reported, citing management board member Niek Jan van Damme.