Deutsche Telekom AG

ots Ad hoc-Service: Deutsche Telekom AG Deutsche Telekom AG sells majority stake in the cable network in Hesse

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    Deutsche Telekom AG is selling a majority stake in its broadband cable network in the Hesse region. The new majority owner for the regional company in Hesse is London-based Klesch & Company Limited, leading a European consortium of investors. The company will acquire 65 percent of the cable network,with Deutsche Telekom retaining a 35 percent share. Business will be transferred on July 1, 2000, subject to the approval of the antitrust authorities. The Hesse cable network currently provides approximately 1.3 million households with television and radio services.

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