'Multikabel to be sold to Warburg Pincus'

Monday 25 April 2005 | 09:44 CET | News
Dutch cable company Multikabel is likely to be sold to investment company Warburg Pincus, Planet Multimedia reports, based on sources familiar with the matter. The sale of Multikabel, now owned by German Primacom, needs to wait for the last approval by several investors in Warburg Pincus, an American investment fund. Warburg Pincus would pay Primacom EUR 530 million, which Primacom will use to reduce its EUR 1 billion in debt. Multikabel has a EUR 80 million turnover, 400 employees, 315,000 cable TV customers and 115,000 internet users, including business customers.

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Categories: Fixed
Companies: Multikabel
Countries: Netherlands
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