Swedish cablenet Com Hem has become the latest cable operator to attract a suitor from the telecoms sector.
It has emerged that the company, currently in the hands of private equity firm BC Partners, has been in talks with Danish telco TDC since last June – before Com Hem went public.
When news of the potential tie up emerged over the weekend shares in Com Hem rose by an initial 9%.
TDC already owns the Norwegian cable operator GET, purchased in September from GS Capital Partners and Quadrangle Capital Partners for NOK 13.8bn (€1.79bn), as well as its own YouSee cable operation in Denmark.
The Swedish cablenet now has 22% of its installed base connected to the TiVo set-top platform. Its seen an increase of 30,000 over the third quarter to reach 132,000 customers. The subscriber base as a whole has grown by 15,000 to 861,000.
