0
Broadband

'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.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Multikabel
Countries: Netherlands
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.