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

16/06/2020Private Risk Capital Development Advisors, LLC, Leading the way in PPLA and PPA Solutions

When it comes to Private Placement Life Insurance (PPLI) and Private Placement Annuity (PPA), the firm that supports you must be one you trust implicitly. It’s a business where every detail must be tended to with care. The team at Private Risk Capital Develo

10 Steps to Take to Start Your Own Trucking Business

23/05/202310 Steps to Take to Start Your Own Trucking Business

Starting your own trucking company offers a unique opportunity to carve out a niche in the ever-expanding transportation and logistics industry. As an owner, you can enjoy the freedom of being your own boss while reaping the benefits of meeting rising demands

One Sheldon Square Acquired for £210 million

15/04/2015One Sheldon Square Acquired for £210 million

British Land has completed the acquisition of One Sheldon Square, Paddington Central, for £210m from the Employees Provident Fund, Malaysia.

The Benefits of Pushing Branded Content

27/08/2015The Benefits of Pushing Branded Content

The sudden growth and acceleration of content marketing has enabled small businesses with limited budgets and resources to distinguish themselves in the marketplace by delivering relevant and engaging content to their target audiences.

The Culture of Diversity

01/07/2016The Culture of Diversity

Walking the Talk are culture transformation experts. We enable our clients to align culture with strategy to deliver improved business results. Our proven methodology creates powerful culture transformation that leaves organisations

Why Financial Literacy Is Significant In Business Endeavors

01/07/2021Why Financial Literacy Is Significant In Business Endeavors

Financial Literacy is a critical skill when it comes to business endeavors. Do you want to know why? These are the main and most logical reasons.

Top Lithium-Producing Countries: A Market Overview

30/09/2024Top Lithium-Producing Countries: A Market Overview

Lithium, often referred to as “white gold,” is a critical component in the manufacturing of batteries, particularly lithium-ion batteries, which power everything from smartphones to electric vehicles (EVs) and renewable energy storage systems. As

Compliance Management: Building a Fortress for Your Business

08/07/2024Compliance Management: Building a Fortress for Your Business

Compliance management is all about making sure that employees and businesses follow a set of rules. However, these aren’t just any rules but involve legal, ethical, and professional standards that your industry sets. Non-compliance can lead to serious is

Award Winning Cloud-Based Communication

04/05/2022Award Winning Cloud-Based Communication

Unified Communications as a Service (UCaaS) is a category of "as a service" or "Cloud" delivery mechanisms for enterprize communications. These procedures allow the linking of data between one source to another, in no time.

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