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

What to Look for When You Are Switching to a New Credit Card

05/12/2022What to Look for When You Are Switching to a New Credit Card

According to a May 2021 Federal Reserve report, as many as 83% of Americans have at least one credit card, leaving approximately 17% that currently don’t have a line of credit. But it’s becoming more complicated to live without a credit card, given how oft

Why More Female Founders Are Turning to Crowdfunding and Tips from a Female Founder on How to Raise Funds

13/12/2022Why More Female Founders Are Turning to Crowdfunding and Tips from a Female Founder on How to Raise Funds

It’s widely reported that female founded businesses get less funding than male, and while venture capital boomed in 2021, women-led start-ups didn’t reap the benefits. Research from the European Investment Bank revealed that female entrepreneurs secured on

Better Capital’s Acquisition of CAV Aerospace

01/04/2015Better Capital’s Acquisition of CAV Aerospace

Better Capital's Fund II has committed £40m to CAV Aerospace.

How much are companies spending on employee breaks?

12/07/2019How much are companies spending on employee breaks?

Keeping a close eye on your companies’ finances is an important role – but do you know how much your employees are costing you when there taking a break? Inn Supplies, leading supplier of paper coffee cups, looks in detail at the costs:

AIXTRON Acquires PlasmaSi

15/04/2015AIXTRON Acquires PlasmaSi

AIXTRON a leading provider of deposition equipment to the semiconductor industry, today announced that it has acquired privately held Silicon Valley-based PlasmaSi, Inc. effective April 1, 2015.

Balfour Beatty Appointed as Civil Contractor to £300 Million Thames Estuary Asset Management Program

10/03/2015Balfour Beatty Appointed as Civil Contractor to £300 Million Thames Estuary Asset Management Program

New contractor hired for ten-year Thames Estuary Asset Management Programme

Delivering the Benefits in Compliance, with IRS Standards

07/02/2020Delivering the Benefits in Compliance, with IRS Standards

Engineered Tax Services, Inc. (ETS) is one of the largest licensed engineering tax firms in the United States that focuses on federal, state, and local tax benefits. We caught up with CEO, Julio Gonzalez who provided us with a detailed glimpse into the one of

Scaling Up for a Sustainable and Innovative Economy

13/01/2025Scaling Up for a Sustainable and Innovative Economy

Scale-ups, a high-growth subset of small and medium-sized enterprises (SMEs), are economic powerhouses that wield significant influence far beyond their relatively small number.

Make the Invisible Visible: AI-Based Investigation Solutions

13/02/2024Make the Invisible Visible: AI-Based Investigation Solutions

Established in 2012, Voyager Labs is an award-winning global leader in the development of advanced digital analytic solutions that enable public safety organizations to identify threats, mitigate risk, and fight crime.

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