TPG looks to Deutsche Telekom to boost telco portfolio

French telecommunications company Télédiffusion de France, which is part-owned by TPG Capital, is vying to acquire the media and broadcast unit of Germany's Deutsche Telekom in TPG's first venture into the German buyout market since 2004.

The US buyout house is part of a consortium which acquired a 60% stake in Télédiffusion de France in 2005. It paid €3.1bn ($4.2bn) for the stake alongside AXA Private Equity and Charterhouse.

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