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To: abraves who wrote (13988)	1/8/1999 9:17:00 AM
From: William Hunt	Respond to of 74651

Thread Dow Jones Newswires -- January 8, 1999 Deutsche Telekom Spins Off Cable TV Ops To Attract Buyers>DT BONN (Dow Jones)--Germany's Deutsche Telekom AG (DT) said Friday that it has spun off its cable television operations into two new subsidiaries in a move to attract investors in the business. Kabel Deutschland GmbH, which began operating independently on Jan. 1, is responsible for expanding the extensive cable network, said Telekom. A central services company, MediaServices GmbH, will develop broad-band cable and digital TV operations from Feb. 1. "Besides being able to sidestep ... the unfavorable conditions of the business, an important aim (of the move) is to find investors, as well as concentrating on increasing regional business potential," said Gerd Tenzer, head of the division. Telekom's supervisory board formalized the move last September by approving a management decision taken in May to unbundle the loss-making business. Telekom said it has assigned NM Rothschild & Sons investment bank to help it find domestic and international investors for its cable operations. Despite losses of DEM550 million in the first half of 1998, Telekom's cable network is regarded as a valuable asset. It connects 17.6 million households in Germany and has attracted the interest of U.S. software giant Microsoft Inc. (MSFT) and Deutsche Bank (G.DBK). Telekom has repeatedly ruled out a takeover by one single investor. BEST WISHES BILL