BT takes control of German joint venture

BT is to buy a further 45% stake in its joint venture company Viag Interkom for $6bn, giving it a controlling interest in the telecoms firm.

LONDON (Brand Republic) – BT is to buy a further 45% stake in its joint venture company Viag Interkom for $6bn, giving it a controlling interest in the telecoms firm.

Viag was set up by BT in partnership with German energy group Eon. The deal represents another step in BT’s strategy to become a pan-European service provider. The German operation adds to ventures it now controls in the Netherlands and Ireland.

Viag Interkom is Germany’s third-largest telecoms group with operations in fixed-line and mobile communications.



0
SHARES
Brand Republic Jobs
Thousands of jobs across advertising, creative, marketing and media

Just published

Feel you're missing out?

GET THE
BRANDREPUBLIC
BULLETINS
Sign up

The Wall Blog

From our partners