Deutsche Telekom AG

ots Ad hoc-Service: Deutsche Telekom AG Deutsche Telekom sells majority stake in its North Rhine-Westphalia cable network

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    Bonn (ots Ad hoc-Service) -      Deutsche Telekom ad-hoc release in
accordance with paragraph 15 of the Security Trading Act

    Deutsche Telekom sells majority stake in its North Rhine-Westphalia cable network

    Deutsche Telekom AG today signed the first contract to sell part of its cable networks. New majority shareholder of the North Rhine-Westphalia regional company with approximately 4.2 million connected homes is Callahan Associates International LLC, a global communications development and operating company, based in Denver and London. The company is acquiring 55 percent of the cable network, while Deutsche Telekom retains a 45-percent stake. Business will be transferred as of July 1, 2000, pending approval by the antitrust authorities.

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