DT and T-Online International complete merger

8 Jun 2006

Deutsche Telekom has reabsorbed T-Online International, regaining control of Europe’s largest Internet service provider. According to TeleGeography’s GlobalComms database, Deutsche Telekom span off T-Online in 2000 but retained a 74% stake in the Weiterstadt-based company. In October 2004 it decided to buy the rest of the company from its minority shareholders for nearly EUR3 billion and make it part of its fixed line T-Com unit. But more than 20 shareholders sued to stop the move, claiming that Deutsche Telekom’s offer of EUR8.99 a share was too low. Last week, a German court ruled that those lawsuits could not block the deal’s registration, clearing the way for T-Online’s absorption. T-Online has some 13.5 million internet subscribers. Outside of its domestic market, T-Online owns Club Internet in France and Ya.com in Spain.

Germany, Deutsche Telekom (DT), T-Online