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TMCNet: 'Deutsche Telekom to acquire hosting provider Strato'

[November 19, 2009]

'Deutsche Telekom to acquire hosting provider Strato'

(DMeurope Via Acquire Media NewsEdge) Deutsche Telekom will sign a contract to acquire German webhosting provider Strato from German telecom services provider Freenet. The contract includes the acquisition of 100 percent of its shares in Strato AG and Strato Rechenzentrum. Freenet unveiled that the operations are sold for EUR 275 million. The supervisory boards of both companies have approved the deal and the transaction is yet to be approved by the competition authorities. Strato complements Deutsche Telekom's activities in the hosting area, according to Niek Jan van Damme, Member of the Board of Management of Deutsche Telekom for fixed-network and mobile business in Germany. The transaction will make Deutsche Telekom number two for webhosting products in Germany. Strato's products, which include e-mail, websites, blogs, and online shops as well as data storage services on physical and virtual servers, are primarily aimed at consumers and small business customers. The Berlin-based company operates around 4 million hosted domains and employs 502 staff.



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