Sunday, April 22, 2007

Deutsche Telekom and Neuf Negotiate Sale of Club Internet France

Deutsche Telekom and Neuf Cegetel have entered into exclusive negotiations in relation to the sale of Deutsche Telekom's French Internet access unit T-Online France S.A.S., which trades under the Club Internet brand. Club Internet had close to 570,000 ADSL customers at the end of 2006.

The companies said a formal consultation process is being initiated with the workers' council of T-Online France. Subject to the outcome of the consultation process, both parties aim to complete the transaction by the end of H1 2007.

  • Beginning in April 2007, Neuf Cegetel is launching a FTTx service in Paris priced at EUR 29.90 (including VAT) per month. Like the company's "100% Neuf Box ADSL package", the new offer will include the phone line, unlimited calls to landline numbers in France and over 30 countries, a television bouquet, access to video on demand, and the Neuf Giga online storage service.

  • The Neuf FTTx service will deliver dynamic bandwidth of 50 Mbps (both uplink and downlinks at up to 50 Mbps). Neuf is also planning to offer a 100 Mbps premium service. Neuf, which began its fiber rollout in December 2006, is planning to pass one million homes by end of 2009. Coverage areas will include Paris and its suburbs, districts of other major cities, and other areas selected on the basis of rollout costs and opportunities to increase market share.

See also