The world’s largest broadband provider outside China is about to get a bit bigger, as it is buying out what it doesn’t already own of Dutch cableco Ziggo. Newly-installed Ziggo CEO Rene Obermann will leave if the transaction goes through.
The Dutch cable market may be about to see some major consolidation, as the biggest broadband provider outside China continues its expansion plans.
Rene Obermann, who will end his seven-year spell as head of Germany’s big telecoms player at the end of the month, said in an interview that he doesn’t understand why everyone is “pussy-footing” around the U.S. on privacy issues.
The Wi-Fi-sharing community will gain a big boost through a tie-in with Deutsche Telekom’s operations in Germany and eastern Europe, while DT hopes the deal will take some of the strain off its mobile broadband networks.
Given his recent remarks suggesting frustration at the strictures of working in a large telco, it is not surprising to see Obermann go. His successor has wide knowledge of the German giant, though, and is apparently keen to emulate Obermann’s entrepreneurial streak.
DT is to allow its venture arm to purchase majority stakes for the first time, and Telefonica is setting up an international VC network. Meanwhile software giant SAP is also showing a vote of confidence in the startup scene.
You might think Deutsche Telekom CEO Rene Obermann, the man at the very top of T-Mobile, enjoyed life in a big corporation. On the contrary, he says: big companies are slow and need partners who can be nimble on their behalf… just as long as they’re not too disruptive.
T-Mobile may currently be only the fourth-largest mobile operator in the U.S., trailing behind Verizon, AT&T (NYSE: T) and Sprint (NYSE: S),…
Apple’s (NSDQ: AAPL) 3G iPhone is both a blessing and a bane for Deutsche Telekom (NYSE: DT), where in Germany it is the exclusive carrier o…