Cable Takeover

Tele Columbus Buys Rival PrimaCom

Primacom3 Primacom telecolumbus
Cable takeover sees a merger of rivals.
  • Why it matters

    Why it matters

    The merger of Germany’s biggest two medium-sized cable providers could hit the profitability of  Vodafone-owned Kabel Deutschland, Liberty Global’s Unitymedia and Deutsche Telekom.

  • Facts

    Facts

    • Tele Columbus and PrimaCom provide cable TV, internet and phone services and have about 2.8 million customers.
    • Tele Columbus, which listed on the Frankfurt Exchange in January, will fund the takeover by cash, loans and a share rights issue.
    • Unitymedia has more than 7.1 million customers in Germany and Kabel Deutschland 8.3 million.
  • Audio

    Audio

  • Pdf

 

On Thursday, Berlin-based Tele Columbus announced that it would buy the country’s fourth-largest cable TV provider, PrimaCom, for €711 million ($777 million). The firm, Germany’s third largest cable TV operator, said the deal would almost double its own client base to 2.8 million customers.

“The combination of the two biggest German medium-sized providers is pushing competition in the internet and telephony, and premium TV sector,” Tele Columbus said in a statement.

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