Vodafone eyes HanseNet

British mobile phone network operator Vodafone is considering a takeover of German ADSL provider HanseNet.

Vodafone as well as Spanish telco Telefónica, rumoured to be interested in HanseNet since mid March, have begun due diligence on the company, reported British newspaper Daily Telegraph, without citing sources. The sale price is expected to reach up to €1 billion.

HanseNet supplies more than 2.3 million customers with the quadruple play services TV, internet, fixed line and mobile telephony under the brand Alice. Italian parent company Telecom Italia wants to sell the subsidiary, which it no longer considers to be part of its core business, in order to reduce its debts. According to the report, interested parties have until April 24 to make non-binding offers. Neither Vodafone nor Telefónica wanted to comment on a possible HanseNet takeover.

Vodafone offers mobile telephony in Germany as well as the triple play services TV, internet and fixed line telephony on the ADSL broadband networks of its subsidiary Arcor, while Telefónica provides internet, mobile and fixed-line telephony under its brand O2.

Further interested parties are believed to be German internet provider United Internet, known through brands such as 1&1, GMX, Web.de and maxdome, German telco Versatel and Turkey’s largest mobile phone network operator Turkcell.