KDG on acquisition trail

German cable operator Kabel Deutschland (KDG) is aiming to raise €800m to fund acquisitions, according to press reports.

The operator, owned by Providence Equity Partners, has declared an interest in rival Tele Columbus in the past.

KDG is also seeking to delay paying up to €1.3bn in debt until 2014, instead of original maturity dates in 2012 and 2013. The company owes over €3bn to its lenders.