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Germany : KABEL DEUTSCHLAND buys TELE COLUMBUS business for EUR 603 MILLION
Publish Date : 24-May-2012
Kabel Deutschland declared that it has inked a contract to acquire business as well as all the shares of Tele Columbus for EUR 603 million plus accrued interest.
The company stated that the purchase price will provide for repayment in full of the financial debt of Tele Columbus.
The acquisition seeks approval from the German Federal Cartel Office.
Tele Columbus has approximately 1.7 million customers in 2.1 million homes connected and is Germany\'s largest network level 4 cable operator. The company operates predominantly in Berlin and in Eastern Germany including the cities of Dresden, Magdeburg and Potsdam.
