KDG planning €1bn IPO

German cable operator Kabel Deutschland is planning an IPO to raise at least €1bn, according to reports. The listing could happen as soon as the second quarter of the year.

A sale is also being considered, and reports suggest that potential buyers include telco Vodafone, cable giant Liberty Global and private equity firms including Blackstone.

Kabel Deutschland is 88% owned by private equity firm Providence Equity Partners, 8% by Teachers’ Pension Plan and 4% by management. It provides services to nine million homes.