QSC ‘would consider selling Plusnet stake’ says CEO

17 Apr 2008

Thomson Financial reports that the CEO of German network operator QS Communications (QSC) Bernd Schlobohm has said in an interview with Boersen-Zeitung that he would consider selling QSC’s majority stake in Plusnet, a broadband infrastructure joint venture with reseller Tele2 Germany, as long as it is able to secure broadband access at cost price. ‘One has to think about it very carefully. But as long as I can secure access on a big network at cost price, I would consider it,’ he said.

According to TeleGeography’s GlobalComms database QSC established a joint venture with Tele2 Germany in July 2006 to operate a shared national DSL network under the name Plusnet. Under a cooperation contract set to run until at least the end of 2013, QSC took 67.5% ownership of Plusnet and Tele2 the remainder. Initially, the Plusnet network consisted solely of QSC’s DSL infrastructure, with Tele2 agreeing to invest EUR50 million to expand the network.

Germany, QSC, Tele2 Germany