Telekom awaits approval for Strato takeover | Shanghai Daily

The story appears on

Page B4

November 20, 2009

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business » IT

Telekom awaits approval for Strato takeover

GERMAN telecoms provider Deutsche Telekom AG is taking over Strato, a German Web hosting company.

Deutsche Telekom, based in Bonn, said the boards of both companies had approved the plan but that it still faced regulatory approval. The companies did not release financial details.

Telekom said the transaction would make it a leader in the German Web hosting market with Strato's products that include and enable e-mail, Websites, blogs, online shopping and data storage. Strato's business is primarily aimed at consumers and small businesses.

Strato, based in Berlin, employs 502 people and operates about 4 million hosted domains.

"This step boosts our position on the highly interesting market for hosting solutions," Niek Jan Van Damme, a Telekom official, said.
IT



 

Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend