German cable operator PrimaCom is looking for fresh money as its owner, Luxembourg based investment firm Escaline, is in heavy debt. According to German press reports, both Versatel and Unitymedia have shown an interest in acquiring the cabler.
PrimaCom’s holding company Escaline has a debt of around €2 billion and has already agreed to hand over the assets of Tele Columbus, also owned by the company, in the custody of the lender. No price for PrimaCom has been set, but the new owners will also have to take on the operator’s €340 million debt.
On the consumer side, PrimaCom is now in the process of upgrading its offer. About half a million households have access to HD channels and broadband internet speeds are now available up to 20 Mbps. The operator recently also made available its own HD-PVR with a 250 GB hard disk.
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