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(AFX UK Focus) 2009-11-05 05:21
United Internet pulls out of HanseNet bidding - paper
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FRANKFURT, Nov 5 (Reuters) - German internet provider United Internet is no longer bidding for local broadband operator HanseNet, a German daily said on Thursday.
"We are not participating in HanseNet," United Internet CEO Ralph Dommermuth told Rheinischen Post.
The report cited sources familiar with the situation that United Internet and Vodafone had previously submitted bids for HanseNet, a unit of Telecom Italia.
Spain's Telefonica said last week it was in the final stages of closing a deal to buy HansetNet, with analysts estimating a sale price of between 1 billion euros ($1.47 billion) and 1.5 billion euros ($2.21 billion).

((Reporting by Marilyn Gerlach, Editing by Ian Geoghegan) ($1=.6782 EURO) Keywords: UNITEDINTERNET HANSENET/ (Reuters Messaging: marilyn.gerlach.reuters.com@reuters.net; 00 49 69 7565 1279)

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