T-Mobile sells broadband business to CDS
November 19, 2013 09.37 Europe/London By Robert Briel
T-Mobile OnlineT-Mobile Netherlands is selling its broadband business Euronet/Online to the Canal Digital Satelliet Group.
Euronet, the holding company for the T-Mobile activities which operate under the brand names Euronet (B22) and T-Mobile Online (consumer), will remain an independent company alongside CanalDigitaal. The division serves around 270,000 customers.
T-Mobile Online offers consumers triple play package with fixed telephone, broadband access and IPTV. Interestingly, CanalDigitaal used to acr as a reseller for the broadband product, but cancelled the agreement in favour of becoming a reseller of KPN’s TRelfort triple play services.
According to CDS, CanalDigitaal will continue to work with KPN wholesale and its brand Telfort for fixed-line services while the integration of Euronet/T-Mobile Online is developed.
“The purchase of Euronet enables us to strengthen our fixed internet and telephony business in the Netherlands,” said Roderik Schlösser, CDS Group.
“As a new business unit, Euronet will further strengthen the offer f Canal Digital.”
With the planned sale of Euronet T-Mobile is now able to continue to focus on mobile telecommunications and specifically mobile internet.
“Our strategy is to be the leader in mobile internet., “ said Thomas Berlemann, managing director of T-Mobile Netherlands.
“The sale of Euronet to the CDS Group ensures that we can focus even more to achieve this goal. With the sale the future of Euronet is guaranteed. ”
The transaction is expected to close early 2014 and is subject to approval by the company’s workers council and the Dutch telecom and consumer authortiy ACM. No financial details were disclosed.