Deutsche Telekom Agrees to Sell Its Strato Business for EUR 600 Million; Shares Fairly Valued
Deutsche Telekom announced on Dec. 15 that it had agreed to sell its Strato AG business to United Internet for about EUR 600 million ($630 million). DT is reviewing its businesses and looking at options to best benefit the firm through mergers, acquisitions, or divestitures. Hosting services such as Strato that are owned by incumbent telecom operators have not performed as well as independent ones, as some companies don't want to be tied to a particular carrier. We believe this is a good decisio...
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