Tele Columbus could soon be up for sale, according to local press reports citing the German cable operators owner Escaline.
Luxembourg-based Escaline owns Tele Columbus via its Orion Cable unit and has appointed Citigroup to help find new capital or investors and to advise on a potential sale.
Tele Columbus has three million customers, mainly in eastern Germany, and has an equity value of approximately Â800m, but it also has debt of Â950m.
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