Deutsche Telekom to sell Media & Broadcast unit: report
Friday, May 25th, 2007

Deutsche Telekom, Europe’s biggest telecommunications operator, is hoping to raise up to one billion euros (US$1.3 billion) from the sale of its Media & Broadcast division, the weekly magazine WirtschaftsWoche reported today. One of the most likely takeover candidates is French group, Telediffusion de France (TDF), which is majority-owned by private equity groups, Texas Pacific, Axa Private Equity, and Charterhouse, the magazine said quoting sources close to the company. Macquarie Bank and financial investor 3i are also seen as likely bidders, it added.

(Source: AFP)