0
Broadband

Numericable raises EUR 750 mln in IPO

Friday 8 November 2013 | 11:35 CET | News
French cable operator Numericable raised EUR 750 million in its 8 November IPO, which was over ten times oversubscribed. The operation valued the group, which includes business operator Completel, at EUR 5.57 billion. An hour after its listing, the EUR 24.80 share price rose by 6.41 percent, raising the size of its free float to EUR 3.27 billion, according to Les Echos. This was the biggest listing on the Paris bourse since 2009.

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?



Categories: Fixed
Companies: Completel / Numericable
Countries: France
::: add a comment

Add comment

Please login or register to leave a 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.


Related

Numericable launches EUR 4.7 bln rights issue

Published 29 Oct 2014 09:41 CET | France
French cable operator Numericable has announced the launch of an approximately EUR 4.7 billion capital increase with preferential ...

Completel, IBM to offer fibre cloud IaaS

Published 05 Feb 2014 15:12 CET | France
French broadband operator Numericable has joined forces with IBM to offer enterprise cloud services in France. Numericable ...

Court throws out Free lawsuit against Numericable

Published 22 Nov 2013 11:13 CET | France
The commercial court of Nanterre, France, has thown out a lawsuit filed by operator Free against cabler Numericable on 31 ...

Altice to increase Numericable stake to 40 percent

Published 18 Nov 2013 14:17 CET | France
Investment fund Altice announced that it has entered into an agreement with certain funds affiliated with Cinven and an entity ...

Numericable to price IPO at EUR 24.80 - report

Published 06 Nov 2013 14:38 CET | France
French cable operator Numericable will price its IPO on NYSE Euronext at EUR 24.80, two people familiar with the matter told ...

Numericable to launch EUR 625.2 mln IPO

Published 29 Oct 2013 11:07 CET | France
French cable operator and MVNO Numericable has confirmed the launch of its IPO on 28 October on the NYSE Euronext exchange in ...

Altice to raise Numericable, Completel stake to 30%

Published 21 Oct 2013 21:55 CET | France
International media and telecom investment holding company Altice will increase its stake in cable operator Numericable to around ...

Vivendi hires banks to prepare SFR float - report

Published 15 Oct 2013 08:21 CET | France
Vivendi has hired Citigroup and Societe Generale as lead banks to prepare a spin-off of French telecom operator SFR, a source ...

Numericable files for IPO

Published 20 Sep 2013 08:17 CET | France
French cable operator Numericable has filed documents with NYSE Euronext Paris to list 20 to 40 percent of its capital in an IPO. ...