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KDG well positioned, expected to drive cable consolidation

German cabler KDG has good growth prospects, which will be further spurred by the launch of video-on-demand and demand for its internet and telephony services, according to analysts. Credit ratings agency Moody’s added that it believes KDG ‘remains interested in participating in further consolidation in the German market.

KDG CEO Adrian von Hammerstein told local press this week that the company will focus on the provision of extra services to drive revenues in the 2010/2011 financial year. It will invest €350-€360 million in the drive to provide new services and recruit new customers, he added.