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.
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