United Internet, which already controls 25.1
percent of Versatel, had said last month it was considering a
complete takeover of the company, which owns Germany's
second-largest fiber optic cable network with a length of about
The purchase price and repayment of Versatel's 361 million euros
of net debt will be financed by new loans, United Internet said
in a statement.
It said Versatel was expected to post flat 2014 revenues of
about 548 million euros and an increase in earnings before
interest, tax, depreciation and amortization to about 164
million from 155 million euros.
($1 = 0.76 euro)
(Reporting by Maria Sheahan; Editing by Matt Driskill)
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