| Deutsche Telekom to take over Web host firm Strato |
| News - Financial News |
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--(www.FinancialNewsUSA.com)-- 11/20/2009 - International industry news provided by Financial News USA. German telecoms provider Deutsche Telekom AG said Thursday it will take 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 approvals. 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, Web sites, blogs, online shopping and data storage. Strato's business is primarily aimed at consumers and small businesses. Strato, based in Berlin, employs 502 staff 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 fixed network and mobile business official, said in a statement. "Strato complements our activities in the hosting area perfectly and will make a positive contribution to net profit, and free cash flow from the very first day of consolidation," Van Damme said. Shares of Deutsche Telekom were 0.4 percent lower at euro9.65 ($14.47) in Frankfurt afternoon trading. About Financial News USA Financial News USA is a Next Generation Financial Communications firm focused on the distribution of market moving news. Financial News USA has developed leading edge e-publishing tools including programming proprietary RSS feeds and enabling open source press release publishing across its network. Financial News USA has been aggressively expanding its news distribution network by targeting direct feeds to financial news and data providers such as FinancialContent, Yahoo (NASDAQ: YHOO), among others. Financial News USA offers a free news feed available online (www.financialnewsusa.com) to websites and financial services looking for content and for individual investors looking to stay informed on the financial markets. Financial News USA and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.financialnewsusa.com. 
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