The German cable operator Primacom has confirmed interest from a number of bidders. In local press reports, chairman Hans-Werner Klose said there are a number of parties interested in the company, which serves about 1.3 million households.
The two parties most likely to be interested are Kabel Deutschland KDG and Orion Cable, which both already own a number of networks. People familiar with the situation estimate the current value if the company at nine time the EBITDA, or almost €454 million. Orion Cable already own 25.8% of Primacom.
Primacom realised a turnover of 116.4 million euro iin 2006 and an EBITDA of 50.4 million.