Germany’s Kabel BW looks set to acquire assets belonging to fellow cable operator Tele Columbus.
The fragmented German cable sector is undergoing a spell of significant consolidation and Kabel BW is looking to capitalise on the trend by picking up…
Germany’s Kabel BW looks set to acquire assets belonging to fellow cable operator Tele Columbus.
The fragmented German cable sector is undergoing a spell of significant consolidation and Kabel BW is looking to capitalise on the trend by picking up networks in its home territory of Baden Wuerttemberg.
Tele Columbus is heavily indebted and currently owned by its creditors, while EQT-owned Kabel BW has cash available for acquisitions and is expected to pick off around 50,000 customers from Tele Columbus with this deal.
Alcentra, York Capital and Golden Tree are among the investors currently at the helm of Tele Columbus while Bank of Ireland is also a creditor.