Numericable renegotiates debt for cash boost
French cable operator Numericable has reached a deal with its creditors that will give it a cash injection of 230m.
The arrangement will allow it to boost marketing spend in 2010 as it looks to attract new subscribers. The companyÂs private equity owners Cinven, Carlyle Group and Altice have cut debt by Â180m and provided Â50m in cash.
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