Tele Columbus on lookout for further buys
German cableco Tele Columbus sees a big opportunity for small and medium size acquisitions in its existing footprint and beyond, it is understood.
The number three player behind Vodafone-owned KDG and Liberty’s Kabel BW has enough scope for…
German cableco Tele Columbus sees a big opportunity for small and medium size acquisitions in its existing footprint and beyond, it is understood.
The number three player behind Vodafone-owned KDG and Liberty’s Kabel BW has enough scope for opportunistic investments, thanks to its capital structure and market position in Germany’s still fragmented cable market.
The company, which listed in January raising €333m, last month acquired WoWiSat, a Dusseldorf-based provider of TV and radio services to some 5,400 homes.
In September, it bought BIG Medienversorgung, which has some 12,700 connected households in North Rhine-Westphalia, Baden-Wuerttemberg and Berlin. Also that month, it purchased the remaining shares in JV BMB GmbH & Co, which operates a broadband cable network in North Rhine-Westphalia. Last May, it agreed to buy the entire cable network of Gesellschaft für Breitbandkabel- und Satellitenkommunikationstechnik mbH (GBS), also North Rhine-Westphalia, adding another 1,900 households.
Announcing full-year 2015 results on Tuesday, the company posted revenue of €213m, an increase on €206.2m in 2013.
The company, itself born of a merger among regional providers, has some 1.7 million connected households on Level 4 networks. Its core markets are Berlin, Brandenburg, Saxony, Saxony-Anhalt and Thuringia, as well as key regions in western Germany.
Goldman Sachs and JPMorgan managed the IPO, with BoA Merrill Lynch and Berenberg acting as bookrunners and Rothschild as financial adviser.
