Ziggo to proceed with IPO

News Broadband Netherlands 29 FEB 2012
Ziggo to proceed with IPO
Dutch cable operator Ziggo said it will proceed with an initial public offering (IPO) on NYSE Euronext in Amsterdam. JP Morgan and Morgan Stanley will coordinate the IPO. Ziggo said the IPO will consist of shares held by its owners, the private equity firms Cinven and Warburg Pincus. As part of the IPO, the shareholders will convert loans of EUR 2.281 billion to Ziggo into equity. The operator announced a policy for at least EUR 220 million in dividends this year and a pay-out of at least 50 percent of free cash flow from 2013. Ziggo is the largest cable operator in the Netherlands, with 3.0 million subscribers and EUR 1.5 billion in revenues last year. Telecompaper estimates an IPO could value the company at around EUR 8 billion.

Categories:

Fixed

Companies:

Ziggo,  Morgan Stanley

Countries:

Netherlands

Tags:

Cable - Docsis, Corporate strategy, Financial funding

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NETHERLANDS 9 MAR 2012

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NETHERLANDS 9 MAR 2012

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NETHERLANDS 1 MAR 2012

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Ziggo IPO: another new corporate entity, details to follow

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NETHERLANDS 29 FEB 2012

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NETHERLANDS 26 FEB 2012

Ziggo to up internet speeds from 30 March

Dutch cable operator Ziggo plans to up internet speeds from 30 March. The Z1 package will see its speeds increase to 10/1 Mbps from 5/0.5 Mbps up/down, while speeds at Z3 will rise to 80/8 Mbps from 50/5 Mbps. The increases will be applied in all places within Ziggo's catchment area where Z3 is not already at 80/8 Mbps. For the Alles-in-1 package, speeds will go higher to 50/4 Mbps from their current 40/4 Mbps level.

NETHERLANDS 23 FEB 2012

Ziggo IPO could be worth EUR 8 bln - Telecompaper

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