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Broadband

Kabel Deutschland acquires Tele Columbus for EUR 603 mln

Monday 21 May 2012 | 10:41 CET | News
German cable network operator Kabel Deutschland announced that it has purchased cable network operator Tele Columbus. The companies signed a contract concerning the acquisition on 21 May. The contract includes the acquisition of the business as well as all the Tele Columbus shares. The purchase price amounts to EUR 603 million plus accrued interest. As of 31 December 2011, this would have been equivalent to EUR 618 million. The purchase price will provide for repayment in full of the financial debt of Tele Columbus. Tele Columbus has approximately 1.7 million customers in 2.1 million homes

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Categories: Fixed
Companies: Kabel Deutschland
Countries: Germany
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