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Tele Columbus to acquire PrimaCom for EUR 711 million

Thursday 16 July 2015 | 11:00 CET | News
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Tele Columbus Group announced an agreement to acquire PrimaCom for EUR 711 million. The deal brings together two of Germany's leading mid-tier cable operators. Tele Columbus said the combined company offers growth potential and enables scale efficiencies across the customer and network base. The merger should also support an acceleration in network and product development. The acquisition of PrimaCom will be financed through a combination of existing cash, a fully underwritten financing with senior and junior tranches and a EUR 125 million equity bridge loan. The transaction does not need

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Categories: Fixed
Companies: PrimaCom / Tele Columbus
Countries: Germany
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