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DT, United Internet to bid for Host Europe - report
2016-10-06 09:08:00| Telecompaper Headlines
(Telecompaper) Deutsche Telekom and United Internet are preparing rival bids for German web hosting provider Host Europe Group (HEG) ahead of a 10 Octoberdeadline for non-binding offers, sources involved in the process told Reuters. HEG, one of Europe's largest independent web hosting firms, was put up for sale by private equity firm Cinven before the summer but the process was shelved for a time due to market volatility resulting from Britain's vote to leave the EU. Cinven has now resumed efforts to sell the web hosting firm, which is valued at about EUR 1.5 billion. It wants to receive indicative offers next week, and is hoping to sign a deal before Christmas, the report said.
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Category:Telecommunications
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