Germany’s Primacom wants to buy Tele Columbus Berlin and Deutsche Telekabel.
The cabler’s managing director Wolf Waschkuhn told Reuters the company wants an active role in the market’s consolidation: “We are hunters not hunted. We are ready to be a consolidator”.
Tele Columbus is up for sale and recently attracted interest from private equity groups CVC and Cinven, which are offering to buy it in a potential deal valuing the company’s equity and debt at roughly EUR 600 million, according to people familiar with the negotiations.
Kabel Deutschland earlier this year walked away from buying Tele Columbus for about EUR618 million after the Bundeskartellambt blocked the deal.
The German cable market is going through a process of consolidation. Vodafone EUR7.7 billion takeover of Germany’s largest cable company Kabel Deutschland, while Liberty Global has merged Unitymedia and KabelBW.