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

United States LED Lighting Market to Reach $5.2 Billion in 2015

13/04/2015United States LED Lighting Market to Reach $5.2 Billion in 2015

Declining LED prices coupled with supportive government initiatives driving US LED lighting market.

Fourth Annual Major Purchase Consumer Study Provides Insights Across 13 Categories

14/09/2015Fourth Annual Major Purchase Consumer Study Provides Insights Across 13 Categories

Even with the increasing influence of digital technology on retail habits, the in-store experience is important in all major purchase decisions, with an overwhelming majority of shoppers buying in person.

Rolls-Royce Wins Largest Ever Order from Emirates

20/04/2015Rolls-Royce Wins Largest Ever Order from Emirates

Rolls-Royce has won its largest ever order, worth $9.2bn, to provide Trent 900 engines and TotalCare® service support to Emirates. The engines will power 50 Airbus A380 aircraft that will enter service from 2016.

AppleTree Capital Ltd Supplement

01/07/2016AppleTree Capital Ltd Supplement

AppleTree is an awarded alternative investment manager launched in May 2010 by Michael Nicoletos and Dimitris Apistoulas

Blackstone Acquire Office Building in London for $400m

01/04/2015Blackstone Acquire Office Building in London for $400m

Blackstone Group LP, the world’s largest private-equity investor in real estate, agreed to buy an office building in the City of London financial district for $400 million from Land Securities Group Plc.

Euro Suffers Further Losses against the US Dollar

05/03/2015Euro Suffers Further Losses against the US Dollar

Mix of slightly weaker Eurozone numbers and decent US number widens gap between currencies.

Htin Kyaw – What Now?

11/05/2016Htin Kyaw – What Now?

With Myanmar swearing in its first elected civilian president in 50 years, we spoke to Krishna Ramachandra,

Do different industries see better ROI on marketing?

20/08/2018Do different industries see better ROI on marketing?

The UK's motor industry has a huge marketing budget to hand, one that not all sectors can hope to match.

LANDESK Finalizes AppSense Acquisition, Advances Lead in Unified Endpoint Management with Extended U

19/04/2016LANDESK Finalizes AppSense Acquisition, Advances Lead in Unified Endpoint Management with Extended U

LANDESK today announced it has completed the acquisition of California-based AppSense, the leading provider of secure user environment management solutions.

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