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

Shaping the Future of Entrepreneurs

04/01/2017Shaping the Future of Entrepreneurs

Allied Wallet is on a noble mission to shape the future of eCommerce, by giving young entrepreneurs the opportunity to accept payments, generate profits and to stay in business. As the ‘Saviour of the Entrepreneurs’, the firm’s tech billionaire Dr. Andy

Strength, Equilibrium, Valour and Common Sense

04/01/2017Strength, Equilibrium, Valour and Common Sense

As an integrated professional services firm, Rödl & Partner is active at 106 wholly-owned locations in 49 countries. We owe our dynamic success in the service lines audit, legal, management and IT consulting, tax consulting as well as tax declaration and BPO

The Art of Transfer Pricing

29/09/2016The Art of Transfer Pricing

Set up in 1971, Vaish Associates Advocates (‘VA’) is a full-service law firm based in New Delhi, Mumbai, and Bengaluru, India, having an experienced team of 12 partners and over 100 associates, specialising in direct tax, corporate laws, and intellectual p

Ways to Save Legal Expenses Using Outside Counsel

15/06/2022Ways to Save Legal Expenses Using Outside Counsel

When you have outside counsel it means you are taking services for which you pay only when you use them. When you engage outside counsel, your goal is likely to be how to manage legal expense control. If you have in-house counsel, you will pay whether you use

Organisational security and the hidden risk

20/01/2021Organisational security and the hidden risk

The security needs of businesses vary greatly dependent on the sector they are in. Despite the varying requirements, each business’ broader approach to security should follow a similar format where vital assets – those that needs to be protected - are surr

LEWIS Acquires Tayburn In Six-Figure Deal

23/05/2024LEWIS Acquires Tayburn In Six-Figure Deal

Creative and digital agency, LEWIS has acquired Tayburn in a six-figure cash and equity deal that will combine almost a century of creative and digital expertise.

Sterling Bancorp Acquires Damian Services Corporation

08/04/2015Sterling Bancorp Acquires Damian Services Corporation

Sterling Bancorp Acquires Damian Services Corporation

When to Choose a Virtual Office Over a Physical Office Space

19/10/2023When to Choose a Virtual Office Over a Physical Office Space

In recent years, virtual offices have gained popularity for their ability to offer businesses a prime location business address without a physical office space. For example, today, you can be a business owner in the US with a presence in Tokyo through the use

How To Process ABA Claims: A Step-By-Step Guide

23/10/2023How To Process ABA Claims: A Step-By-Step Guide

Ensure ABA claims are processed timeously with our guide. Understanding how to process ABA claims for healthcare professionals, medical staff, and private individuals is essential in the operating field of behavioural health. Because Applied Behaviour Analysis

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