At the same time, both sides agreed on a wholesale contract for the provision of network level 3 services based on Versatel's network infrastructure with a turnover of around €9m.
With its retreat from the cable business, Versatel wants to fully focus on its B2B services in order to be able to make more use of its competitive advantage: its own broadband network. The company wants to continue being a partner of cable operators with its infrastructure, for example by providing network level 3 backbone services for internet and telephony.
The federal cartel office and regulatory authorities still have to approve the deal. Versatel provides around 185,000 cable customers with TV, internet and telephony.
© Rapid TV News 2010