The shareholders of German cable operator Tele Columbus have given the green light to the planned capital increase.
99.99% of the shares represented at the extraordinary general meeting held in Berlin on September 14, 2015 approved the capital increase of up to 100% of the existing capital with pre-emptive rights to finance the acquisition of cable operator Pepcom announced on September 13, 2015.
Tele Columbus can now go ahead with its takeover of Pepcom for €608 million through which the company wants to strengthen its position as the third largest cable operator in Germany.