Kabel Deutschland abandons Tele Columbus deal

News Broadband Germany 24 SEP 2013
Kabel Deutschland abandons Tele Columbus deal
German cable network operator Kabel Deutschland has finally abandoned its plans to acquire rival Tele Columbus, Reuters reports. A Kabel Deutschland spokesperson said that it had withdrawn its appeal against a Federal Cartel Office decision to block the takeover. The spokesperson said that it did not want a protracted legal battle following its takeover by Vodafone Group.

Categories:

Fixed

Companies:

Vodafone Group,  Kabel Deutschland,  Tele Columbus

Countries:

Germany

Tags:

Voice services, Company, Services, Corporate, Internet Access, M&A buyouts & divestments

Related Articles

GERMANY 20 DEC 2013

Kabel Deutschland, Vodafone sign domination agreement

Germany's largest cable operator Kabel Deutschland's management board has signed a domination and profit and loss transfer agreement with Vodafone Vierte Verwaltung, a subsidiary of Vodafone. Under the agreement Vodafone Vierte Verwaltung controls Kabel Deutschland Holding having a 76.57 percent stake. The domination and profit and loss transfer agreement still requires the approval by the extraordinary General Meeting of Kabel Deutschland Holding which is scheduled to take place on 13 February 2014. In the

GERMANY 23 OKT 2013

Primacom bids for Tele Columbus Berlin, DTK - director

Germany's fourth largest cable network operator Primacom wants to play an active role in consolidating the market, according to Primacom's managing director Wolf Waschkuhn talking to Reuters. He said that Primacom is a hunter not hunted and has made an offer for the Berlin assets of Germany's third cable operator Tele Columbus and for the whole of Deutsche Telekabel. Tele Columbus is up for sale and recently attracted interest from private equity groups CVC and Cinven, which are offering to buy it in a pote

GERMANY 14 OKT 2013

Tele Columbus upgrades digital TV offering

German cable network operator Tele Columbus will launch a new digital TV offering for customers on its Berlin network from 15 October. The number of private free-to-air channels in the HD-Package will be increased from 7 to 17, including HD versions of RTL II, Super RTL, RTL Nitro, n-tv, DMAX, VIVA, Tele 5, Deluxe Music, Nickelodeon and Comedy Central, on top of RTL, ProSiebenSat.1 and Sport1 channels. Tele Columbus will also boost the number of HD channels in the Extra HD pay-TV package from 6 to 10.

GERMANY 14 OKT 2013

Vodafone completes Kabel Deutschland takeover offer

Vodafone announced that the voluntary public takeover offer for German cable network operator Kabel Deutschland has been completed. Vodafone now owns 76.57 percent of Kabel Deutschland's share capital. Vodafone will now enter into a domination and profit and loss transfer agreement with Kabel Deutschland in line with German Stock Corporation Law. This allows Vodafone to consolidate the company's results, while also agreeing rights and payments for minority shareholders. Vodafone announced in June the takeov

GERMANY 10 OKT 2013

Kabel Deutschland plans more hotspots in German cities

German cable network operator Kabel Deutschland plans to activate at least 200 public WLAN hotspots in over 20 German cities nationwide by end-2013. These include Braunschweig, Bremen, Dresden, Erfurt, Hamburg, Hanover, Kiel, Leipzig, Magdeburg, Mainz, Oldenburg, Osnabrueck, Rostock, Saarbruecken and Trier. Additional cities will be announced in due course.

GERMANY 10 OKT 2013

Kabel Deutschland cuts FY sales growth outlook on slow Q1

German cable network operator Kabel Deutschland has released selected preliminary figures for its second quarter ending 30 September. The Internet & Phone business added 84,000 net subscribers in Q2, representing the strongest Q2 in recent years. Premium TV recovered after a soft Q1 following measures to stimulate demand and sales, adding 55,000 RGUs in the quarter. Premium TV performance in Q2 was affected by the churn of around 15,000 remaining Kabel BW pay-TV wholesale customers. Following a slowdown in

GERMANY 9 OKT 2013

Kabel Deutschland activates more WLAN hotspots

German cable network operator Kabel Deutschland has activated two public WLAN hotspots in Neustadt an der Aisch as part of its WLAN offensive in Bavaria. Residents and visitors can use them for 30 minutes of free internet access day, with Kabel Deutschland customers able to use them 24/7.

GERMANY 1 OKT 2013

Tele Columbus warns of possible outage in Berlin on 01 Oct

Cable operator Tele Columbus warned of possible disruption to its services in Berlin on 01 October because of roadworks by the capital city's public transport provider, BVG. The works require that one of Tele Columbus' fibre optic cables is cut and then spliced back together. The works were due to be carried out between 02.00 hrs and 04.00 hrs and the company said this could affect internet and telephony services in Potsdam, Wildau, Nuthetal and Fredersdorf. Television reception might also be hit in certain

GERMANY 30 SEP 2013

Kabel Deutschland activates more public hotspots

German cable network operator Kabel Deutschland is continuing its roll out of free public WLAN hotspots across Bavaria. It has activated one hotspot in Lauf, three in Neumarkt and four in downtown Memmingen. The hotspots provide residents and visitors with 30 minutes of free internet access a day, with Kabel Deutschland customers able to use them 24/7.

GERMANY 30 SEP 2013

Tele Columbus adds more HD channels to digital TV service

German cable network operator Tele Columbus is expanding its digital TV services. From 05 November, the number of free TV channels in the HD-Package will be increased from 7 to 17. This free-to-air HD TV package is available through the KabelTV HD digital cable connection or by booking the Plus HD package. It will also expand the number of HD channels with the Extra HD pay-TV package from 6 to 10, on top of the 20 SD channels offered. Meanwhile, the operator has completed the upgrade of its cable network in

GERMANY 30 SEP 2013

Kabel Deutschland investor wants higher price from Vodafone

Vodafone is preparing for a long-term battle with US hedge fund manager Paul Singer over its acquisition of German cable network operator Kabel Deutschland, reports The Telegraph. Singer's Elliot Management Corporation fund is expected to use arcane bits of German acquisition law to try and get a higher price for its 10.9 percent stake in Kabel Deutschland. Over three quarters (76.48%) of shareholders have accepted Vodafone's offer of EUR 87 per share, with a vote on final approval set for 10 October at the

GERMANY 27 SEP 2013

Kabel Deutschland activates more public WLAN hotspots

German cable network operator Kabel Deutschland has activated more public Wi-Fi hotspots in Bavaria. It has switched on 14 in Regensburg, 4 in Lindau, 4 in Coburg, 2 in Riedenburg, and one each in Aisch, Forchheim, Kelheim, Abensberg and Kronach. Residents and visitors get 30 minutes of free internet access day, with Kabel Deutschland customers able to use them 24/7.

GERMANY 26 SEP 2013

Tele Columbus to sponsor Chemnitz Niners' cheerleaders

German cable network operator Tele Columbus has signed a shirt sponsor agreement for the cheerleaders of second Bundesliga basketball club Chemnitz Niners. During the current 2013/14 season the so-called Clovers will have Tele Columbus on their shirts. No financial details were disclosed.

GERMANY 23 SEP 2013

EC approves Vodafone takeover of Kabel Deutschland

The European Commission (EC) has cleared the acquisition of German cable network operator Kabel Deutschland Holding by Vodafone Group. The EC's investigation confirmed that the activities of the merging parties were mainly complementary. While Kabel Deutschland primarily offers cable TV, fixed line telephony and internet access services, Vodafone's core business consists of mobile phone services. Vodafone also offers fixed-line telephony, internet access and IPTV services. The EC found that in markets where

GERMANY 17 SEP 2013

Vodafone offer for KDG reaches 76.48% acceptance

German cable network operator Kabel Deutschland confirmed that Vodafone's voluntary public tender offer for the company reached an acceptance rate of 76.48 percent by the offer deadline on 11 September. Kabel Deutschland shareholders who have not yet accepted the offer can tender their shares until midnight (CET) on 30 September. Vodafone's offer values Kabel Deutschland at EUR 87 per share.

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.