US based Liberty Global is on the lookout for further acquisitions in the German cable market, according to Handelsblatt.
Liberty, which agreed a E3.5bn share purchase agreement for Unitymedia in November, is targeting country wide coverage and is eyeing…
US based Liberty Global is on the lookout for further acquisitions in the German cable market, according to Handelsblatt.
Liberty, which agreed a E3.5bn share purchase agreement for Unitymedia in November, is targeting country wide coverage and is eyeing Kabel BW and Kabel Deutschland, both of which could come on the block in the near future. Both firms have been tipped for IPOs but may also be open to a sale strategic investors.
Kabel BW is believed to be worth around E1.5bn.
Liberty opted to fund the Unitymedia deal by tapping the high-yield bond market for E2.66bn, the largest ever European cable bond.