US cable group Liberty Media, investment vehicle of John Malone, is still interested in buying the German cable TV interests of Deutsche Telekom, despite the rejection of its previous bid for the assets by regulators.

In February, the German Cartel Office blocked the American firm’s €5.5 billion ($5.5bn; £3.5bn) acquisition of the cable properties, arguing that Liberty would gain too much control of the market.

Undaunted, Liberty is trying to find private equity groups to help fund a new offer. It believes a consortium bid would be more palatable to regulators and TV broadcasters.

Eager to offload the cable systems to reduce debt, DT has made management presentations to twelve interested groups (none of them Liberty), with indicative offers expected by July 24.

The US firm is hoping to team up with a private equity house interested in the sale. Apax Partners and Apollo Management are reportedly considered the best-placed financial groups in the auction.

Data sourced from: Financial Times; additional content by WARC staff