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

Bridging a ‘Viable Option’ for Those Who Cannot Get Mortgages

29/06/2020Bridging a ‘Viable Option’ for Those Who Cannot Get Mortgages

In a post-covid world, mainstream banks and lenders have highlighted a much stricter lending criteria for mortgages, with first-time buyers to be hit the hardest. A long period of uncertainty awaits, with banks reluctant to lend to borrowers when employment an

Wrongful Termination and Unfair Dismissal Are Not the Same

27/08/2026Wrongful Termination and Unfair Dismissal Are Not the Same

As companies scale globally, dismissal decisions have become a primary source of operational and legal risk. Assuming HR policies travel seamlessly across borders is costly, as local statutes consistently override foreign choice-of-law clauses. While the U.S.

Top Online Workplace Violence Prevention Training Courses

26/05/2026Top Online Workplace Violence Prevention Training Courses

Incidents of workplace violence pose a significant and growing risk to all businesses. According to the National Safety Council, Between 2023 and 2024, assaults have caused 77,780 cases of days away from work, job restriction or transfer. Reports also record 4

Enhancing Education

10/02/2023Enhancing Education

Award-winning Chatsworth Schools entered the private schools group market in 2018 with a passion for schools as learning communities and a commitment to excellence.

5 Best Tax Firms in Oklahoma

29/10/20245 Best Tax Firms in Oklahoma

Hiring the best tax firm in Oklahoma is the key to navigating the state’s taxation complexities and maximizing your financial outcomes. With regulations and requirements constantly evolving, having expert guidance is essential. If you’re look

The Top Five Myths Surrounding AI Revealed by UK Business Leaders

25/10/2023The Top Five Myths Surrounding AI Revealed by UK Business Leaders

When cloud-based accounting software bluQube surveyed UK business leaders, five troublesome myths surrounding AI were exposed. Let’s deep dive and explore the top five misconceptions holding businesses back from implementing the innovative solution.

Why Businesses Are Welcoming the Challenge of Disruption

26/07/2022Why Businesses Are Welcoming the Challenge of Disruption

The merciless transition from global pandemic to cost of living crisis has left businesses reeling. The destabilisation of the economic climate has resulted in firms scrambling for penny-pinching solutions to keep themselves afloat.

The Desire to Acquire and the Urge to Merge

28/10/2015The Desire to Acquire and the Urge to Merge

M&A activity is a crucial ingredient of the business strategy for most companies.

Research Shows Many Users Do Nothing to Protect Their Smart Devices

04/08/2021Research Shows Many Users Do Nothing to Protect Their Smart Devices

New research by the leading cybersecurity solution NordVPN shows that users don’t take the security of their IoT devices seriously. Almost 88% of people have some kind of IoT device in their household. However, some of them take very little action against th

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