Cableco Tele Columbus has confirmed that it is considering an IPO.
The German operator confirmed earlier press reports that it is considering a number of options, and that a stock exchange listing is among them.
According to the statement a decision…
Cableco Tele Columbus has confirmed that it is considering an IPO.
The German operator confirmed earlier press reports that it is considering a number of options, and that a stock exchange listing is among them.
According to the statement a decision for an IPO or alternative scenarios has not been made yet.
As reported previously it is thought that Tele Columbus, Germany’s third largest telco, has hired Goldman Sachs and JP Morgan to advise on a listing.
The company has been up for sale repeatedly in the past but failed to find a buyer.
In 2013, Germany’s largest cableco KDG, now owned by Vodafone, made an unsuccessful attempt to acquire Tele Columbus, meeting resistance from the German antitrust regulator.
Tele Columbus has also sought to play an active role in in-market consolidation, making a takeover offer for smaller rival Primacom last year. However, the offer was rejected by Primacom.
Tele Columbus reported sales of €224m in 2013 and EBITDA of €90m.
