German cable operator Tele Columbus is apparently preparing an IPO on the stock exchange market.
This month, the banks could be selected which would accompany the floatation, three people familiar with the plans told news agency Reuters. Effective June 1, 2014, Tele Columbus has hired an investor relations expert who has already accompanied Kabel Deutschland’s IPO.
The planned acquisition of Tele Columbus by market leader Kabel Deutschland failed in 2013 due to concerns by German cartel office Bundeskartellamt.
Germany’s third-largest cable operator which serves 1.7 million customers is in the hands of its creditors. The IPO could take place this autumn. A spokesman declined to comment on the topic.
