Deutsche Telekom considers cable TV buys in Germany
Deutsche Telekom [DT], the German telecommunication group, is considering the acquisition of smaller local cable TV operators, ARD reported. The German TV broadcaster quoted Niek Jan van Damme, the head of DT’s German operations, who was speaking to a local magazine. The report noted that van Damme said that DT is closely monitoring the cable TV market, but added that the group will only make an acquisition if it can strike a suitable deal.
DT has a market cap of EUR 50.39bn.
Source ARD