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Amsterdam (pte052/07.12.2004/15:00) - The Dutch telecoms company Versatel http://www.versatel.nl is on the brink of being sold. As the German newspaper the "Welt" http://www.welt.de reports today, Tuesday, the Swedish provider Tele2, the Scandinavian telecoms company Telia and the Spanish Telefonica are all reported to be interested in buying Versatel. Media mogul John de Mol, who recently raised his stake in Versatel from ten to 25 per cent, is also said to have expressed interest.
However, according to the Welt, the most promising candidate is Tele2, which is alleged to have already led serious talks with the Netherlands. At present, the market value of Versatel is estimated at around 1.3 billion euros. However, in financial circles, its shares are considerably undervalued, writes the Welt. In the process, Versatel has not yet made any profits.
According to the Welt, with a takeover, Tele2 could revamp the weakening Benelux business and break ties with Versatel's German subsidiary. Versatel is also active in Belgium and Germany and, with a market share of five per cent, behind KPN http://www.kpn.com in second place on the Dutch landline market.
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