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Broadband

TeleColumbus unveils capital increase to fund take-overs

Monday 19 October 2015 | 12:16 CET | News
German cable network operator Tele Columbus announced the launch of a capital increase by way of a rights offering for the repayment of the equity bridge loan and part of a second lien facility for the Primacom acquisition and to partly fund the purchase price for the Pepcom acquisition Tele Columbus expects gross proceeds from the offering of approximately EUR 382.7 million. The operator offers 70,864,584 new shares to existing shareholders at a price per share of EUR 5.40. The extraordinary general meeting on 14 September approved the capital increase. The new shares, with full dividend

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