Tele Columbus shares to start trading at EUR 10 each

News Broadband Germany 23 JAN 2015
Tele Columbus shares to start trading at EUR 10 each
Shares in German cable operator Tele Columbus well start trading at EUR 10 each, the mean value of the IPO price range of EUR 8 and EUR 12. Admission to trading on the regulated market of the Frankfurt Stock Exchange is planned for 23 January. The offer consists of the sale of up to 37,500,000 new shares from a capital increase, up to 15,272,500 existing shares from holdings of Tele Columbus management and up to 3,750,000 shares for a potential over-allotment. Tele Columbus said the proceeds to the company will be used to reduce its debt and provide additional financial flexibility to continue executing its growth strategy.

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Fixed

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Tele Columbus

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Germany

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Enterprise, Finance, Financial funding

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GERMANY 3 MRT 2015

Tele Columbus revenues up 3.3% in 2014

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GERMANY 2 FEB 2015

JP Morgan exercises greenshoe option on Tele Columbus shares

German cable network operator Tele Columbus announces that J.P. Morgan Securities has fully exercised the greenshoe option of purchasing 3,333,333 newly issued shares on 30 January of this year. The Tele Columbus shares were bought at the offer price of EUR 10.00 offered to the underwriters by the company as part of its initial public offering of shares in Tele Columbus. As a result, 3,333,333 shares which were already placed in connection with the IPO as part of the over-allotment from the holdings of Tele

GERMANY 18 NOV 2014

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GERMANY 15 OKT 2014

Tele Columbus still weighing IPO option

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GERMANY 30 SEP 2014

Tele Columbus plans IPO by year-end

Tele Columbus, Germany's third-largest cable operator, announced plans for an initial public offering by year-end. It plans to raise at least EUR 300 million to help reduce debt and provide cash for expansion. The IPO will be accompanied by a debt refinancing aimed at reducing interest expense and lowering net debt to around 3.5 times adjusted EBITDA. The offering on the Frankfurt Stock Exchange will include new shares and shares from existing shareholders. Active in east Germany, Tele Columbus has around 1

GERMANY 15 SEP 2014

Tele Columbus converts to public company

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GERMANY 8 MEI 2014

Tele Columbus eyes IPO in second-half 2014 - report

German cable network operator Tele Columbus has invited banks to tender for a role in a possible stock market listing, reports Reuters citing unnamed sources familiar with the plans. Tele Columbus is considering an IPO in Frankfurt in second-half 2014, according to the three sources. They added that it might selected organisers as early as May. Tele Columbus declined to comment on any potential plans for an IPO.

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