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Broadband

Cable TV operator C&M up for sale - report

Tuesday 13 January 2015 | 09:11 CET | News
Private equity owners of South Korean cable television group C&M have hired Goldman Sachs to start soliciting interest from potential buyers. C&M private equity owners are seeking an equity valuation of USD 2.5 billion – USD 3 billion for the company, FT reports, citing an unnamed person close to the process. The owners hope to complete the sale this year. South Korean private equity firm MBK leads a consortium that has held a 92.5 percent stake in C&M since 2008. The consortium also includes Macquarie Group and Mirae Asset Management.

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Categories: Broadcast & Satellite / Fixed
Countries: Korea, Republic of
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