Announced
Financials
Sources
Tags
Majority
Telecommunications Services: Other
Pending
Friendly
telecommunications services
Acquisition
Single Bidder
Germany
Private
Synopsis
EnBW, a publicly traded electric utilities company, agreed to acquire Plusnet, a telecommunications service provider in Cologne, Germany, from QSC for €229m. "With its nationwide footprint, attractive customer portfolio and strong sales and operations team, Plusnet GmbH ideally complements our existing activities. Similarly to NetCom BW, it pursues a highly promising integrated business model. We are confident that we can grow together and play an even stronger role in a market that is highly relevant for infrastructure and digitalisation – most of all also as partners to business, industry, local authorities and municipal utilities," Wolfgang Eckert, EnBW Head of Infrastructure.
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