Kabel Deutschland CEO Adrian von Hammerstein says he is expecting the German monopolies commission to issue its findings on the cablenet’s purchase of Tele Columbus next January.
Kabel Deutschland Holding AG has confirmed it will acquire Tele Columbus for €603 million plus accrued interest. The purchase price will provide for repayment in full of the financial debt of Tele Columbus.
Kabel Deutschland (KDG) is acquiring cable operator Tele Columbus, according to Financial Times Deutschland.
Deutsche Telekom is considering the takeover of German regional cable network operator Tele Columbus in a bid to strengthen its domestic market position against cable rivals Kabel Deutschland and Liberty Global, reports Reuters.
Kabel Deutschland (KDG) is considering a takeover of its smaller rival Tele Columbus, according to German media reports.
German cablenet Tele Columbus has attracted the attentions of a new financial investor. Quoting people familiar with the matter, Reuters said the investor was known to the cable industry, but was unable to name the party. BC Partners, CVC and EQT, which all follow the European cable sector, are not thought to be interested.
Teleste has signed a frame agreement with Immomedianet for the upgrade of 13,200 in the Hamburg area.
Sky Deutschland and Tele Columbus have announced the introduction of a triple play offer which comprises a 6 Mbps internet- and telephone flat rate, the cabler’s basic digital TV package and the Sky Welt package plus one Sky Premium package (Film, Sports or Bundesliga).
Germany’s largest independent cable operator Tele Columbus has taken on the delivery of triple play services to about 50,000 homes of the GAGFAH Group, a major housing association.