Deutsche Telekom Sticks to Internet Plan After JobScout24 Sale

Deutsche Telekom AG (DTE), Europe’s biggest phone company, is sticking to its strategy of increasing business with online services after divesting the jobs platform that was part of its Scout24 operations.

“The Internet business is still interesting for us and the Scout24 group is playing an important role in that,” Marion Kessing, a Deutsche Telekom spokeswoman, said by phone.

Deutsche Telekom sold the JobScout24 board, with 3.36 million users and more than 250,000 listed jobs in Germany, to CareerBuilder.com, the U.S. company said yesterday. The board was “one of the smaller parts” of the Scout24 unit, which runs sites including AutoScout24 and property platform ImmobilienScout24, Kessing said. JobScout24 has better profitability prospects as part of CareerBuilder.com, she said, declining to say how much the business was sold for.

The Bonn-based company has said it aims to increase revenue from online consumer services, which include music and games downloads and security software, to 2 billion euros ($2.74 billion) to 3 billion euros by 2015 from 800 million euros in 2009.

To contact the reporter on this story: Cornelius Rahn in Frankfurt at crahn2@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong in Berlin at kwong11@bloomberg.net

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