RealTime IT News

Strato Sell-Off Postponed

German ISP Strato has considerably postponed its part-by-part sale to an unnamed American investor.

Strato's owner, Teles, revealed that shares would not be disposed of until 2001, apparently due to tax reasons. The reason behind the postponement might perhaps be traced to the German federal government's announced plan to free disposition gains from taxation.

The IPO of the stock corporation will also be put off until year 2001. Negotiations with an undisclosed large American provider as an investor are said to be still in progress.

Strato claims to be a European market leader in the Web hosting sector, and credits its success to low prices.