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Com Hem for sale at €2 billion

December 10, 2010 10.16 Europe/London By Julian Clover

Com Hem, Sweden’s largest cable operator has been put up for sale by its private equity owners, according to a report by Dagens Industri.

The 1.8 million-subscriber network is currently under the ownership of Carlyle and Providence Equity Partners who have reportedly placed a pricetag on the company of between SEK13 billion and SEK18 billion (€1.42 billion and €1.97 billion).

Telenor, TDC and Tele 2 have all been named by potential buyers for the operator that was established by the telco Telia before being forced to sell the network amid competition concerns after its merger with its Finnish counterpart Sonera. A return to the market by Telia, which now has a successful IPTV operation, is not out of the question.

A spokeswoman for Com Hem told Broadband TV News there would be no comment on rumour or speculation.

The original sale to the Wallenberg family’s EQT Partners for around SEK2 billion was followed two years later by the Carlyle/Providence for some SEK10 billion.

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Filed Under: Cable, Newsline, Top Story Tagged With: Com Hem Edited: 13 December 2010 09:57

About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on Twitter @julianclover, on Facebook or by email at jclover@broadbandtvnews.com.

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