(Bloomberg) It’s the M&A banker’s holy grail: a deal invulnerable to an assault by greedy hedge funds. Two German telecommunications groups have had a go at just that — seemingly with some success. United Internet AG and Drillisch AG want to combine. Drillisch has a contract to access a big chunk of Telefonica SA’s mobile capacity in Germany, way more than it can actually use. Add United’s customers and the pair can fully exploit that asset.
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