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Technology Stocks : DT: Deutsche Telekom AG

DT 48.62

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From: Elsewhere	6/21/2001 7:18:34 AM
	of 2

Deutsche Telekom Agrees to Sell Six Cable Firms to Liberty Media Wall Street Journal - June 21, 2001 By LESLIE CAULEY and WILLIAM BOSTON Staff Reporters of THE WALL STREET JOURNAL Liberty Goes Shopping It's buying 100% of six German cable-TV franchises. WHO: John Malone's Liberty Media Group WHAT: Deutsche Telekom AG's six regional cable-TV franchises in Germany PRICE: Approximately 5.5 billion euros ($4.7 billion) WHY: Deutsche Telekom wants to pay down debt. Allows Liberty to enter Europe's biggest cable-TV market. Source: WSJ Research Deutsche Telekom AG agreed to sell cable-television operations in six regions of Germany to Liberty Media Group in a deal that is expected to top 5.5 billion euros ($4.7 billion), marking an expansion of cable-TV tycoon John Malone's efforts to push into Europe's emerging broadband market. ... interactive.wsj.com Thursday June 21 5:21 AM ET D.Telekom to Sell Units to Liberty Media FRANKFURT (Reuters) - Deutsche Telekom (DTEGn.DE) on Thursday said it had agreed to fully sell off six of its regional cable television units to Liberty Media (NYSE:LMGa) in a long-awaited deal. ... dailynews.yahoo.com

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