United Internet likes the idea of consolidation

26 Mar 2008

United Internet CEO Ralph Dommermuth has said he welcomes the remarks made by Versatel CEO last week regarding an alliance between United, Freenet, Telefonica and Versatel. ‘This idea has some charm,’ Dommermuth told German Economic journal Handelsblatt. ‘The market is in the process of consolidation, and there are many reasons in favour of a combination of some of the current operators,’ he added. However, he said that there are currently no talks in progress.

Germany, 1&1 Versatel, freenet, United Internet (1&1)