Tele Columbus to raise EUR 300 mln in IPO in H1

News Broadband Germany 2 JAN 2015
Tele Columbus to raise EUR 300 mln in IPO in H1
Germany's third largest cable operator, Tele Columbus, expects to launch an initial public offering (IPO) in the first half of 2015, according to news agency dpa-AFX. The company said it plans to raise approximately EUR 300 million, chiefly to reduce its debt in order to enable investments in growth. There will also be a greenshoe option. Tele Columbus has approximately 1.7 million households connected to its network. 

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Fixed

Companies:

Tele Columbus

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Germany

Tags:

Cable - Docsis, Internet Access, Consumer, Financial funding

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