Please enable JavaScript in your web browser settings, under the site permissions section to unlock full site functionality. Click here for help.

Article Image - Tele Columbus Acquisition of PrimaCom

Posted 3rd August 2015

Tele Columbus Acquisition of PrimaCom

Tele Columbus Acquisition of PrimaCom

Scroll to keep reading

Tele Columbus Acquisition of PrimaCom

Tele Columbus Acquisition of PrimaCom

The Tele Columbus Group, the third largest German cable network operator, announced that it has entered into an agreement to acquire PrimaCom Holding GmbH, the fourth largest German cable network operator, for a total consideration of EUR 711 million on a cash and debt free basis.

The combination of two of the leading German operators leads to a strong number three player in the German cable market bringing together 2.8 million homes connected and two well-established Housing Association customer portfolios on one platform. Transaction closing is expected on 31 July 2015.

With the acquisition of PrimaCom, Tele Columbus is successfully driving the consolidation of the German cable market and underlining its leading role in this process. The combination of the two biggest German medium-sized providers is pushing competition in the Internet & Telephony and Premium TV sector. The new combined company offers attractive growth potential and enables the company to realize scale efficiencies across the combined customer and network base. The combination of both companies allows the acceleration in the development and technological innovation of new and existing products in the interest of our partners and customers.

Categories: Finance, M&A

You Might Also Like

How to Secure Consistent Work in a Competitive Freight Market

13/09/2024How to Secure Consistent Work in a Competitive Freight Market

The logistics and freight industry has seen significant changes over the past few years. The global market is now forecast to be worth $18.69 billion by 2026, at a CAGR of 4.4%. As global trade expands, new technologies emerge, and client needs evolve, securin

Fraud Detection and Prevention Biggest Challenge Facing Businesses in EMEA

12/03/2015Fraud Detection and Prevention Biggest Challenge Facing Businesses in EMEA

Fraud detection and prevention has been cited as one of the biggest fraud challenges faced today.

How Outsourcing IT Management Can Transform Your Business Operations

11/11/2024How Outsourcing IT Management Can Transform Your Business Operations

Managing IT can be challenging for any business, requiring specialized skills, time, and constant updates. As companies grow, internal teams may struggle to keep up with evolving demands, making outsourcing IT management an effective solution. This approach al

How Can Insurance Protect Businesses During Daily Operations?

12/01/2023How Can Insurance Protect Businesses During Daily Operations?

What type of business do you run? Is it small or large? Are you self-employed? Whatever your business looks like, it’s worth thinking about the type of cover you’ll need in order to protect you, your employees and your company from any unexpected costs tha

Competent, Professional & Multidisciplinary

07/12/2016Competent, Professional & Multidisciplinary

YUASA and HARA is a multidisciplinary firm combining legal, IP prosecution and accounting/tax services.

IPOs at dawn: The good, the bad & the ugly

14/05/2021IPOs at dawn: The good, the bad & the ugly

Despite a challenging near year and a half for the world’s economy, Initial Public Offerings (IPOs) have increased globally. A flood of cash into the market coupled with a raft of selloffs have presented an opportunity for many businesses to capitalise. And

How to Improve Social Media Presence with Instantly Delivered Instagram Likes and Followers

31/08/2022How to Improve Social Media Presence with Instantly Delivered Instagram Likes and Followers

A prominent social media presence is a key to a successful business. Young entrepreneurs understand the need for social media promotion and keep looking for new social media platforms and ways how they can make their presence appealing to the target market. So

Fluenta announces new partnership with Valtronics

08/03/2019Fluenta announces new partnership with Valtronics

Fluenta, a global leader in ultrasonic measurement and management technology for the oil and gas and chemical processing industries, today announces its partnership with Valtronics. With more than 30 years’ experience in the oil and gas industry, Valtronics

Law Firms and Cyber Security: The 4 Most Common Cyber Threats

28/09/2020Law Firms and Cyber Security: The 4 Most Common Cyber Threats

Data breaches are becoming more prevalent and the legal sector is a favoured target and is falling victim to cyber-attacks at an alarming rate. Guy Lloyd at CySure explains the 4 most common cyber threats and why the legal sector should step up its focus on cy

View More Articles

Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

MORE BRANDS