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Primacom secures deal for financial stability

German cable operator Primacom has secured additional funding to enable it to provide resources for investment while reducing its debt over the next few years, following a deal with lenders and shareholder Medfort, which took over the company in July.

CEO Michael Dorn said the deal would enable the company to further its strategy and invest in its network and products. Primacom serves customers principally in the eastern German states of Saxony, Saxony-Anhalt, Thuringia, Berlin, Brandenburg and Mecklenburg-Western Pomerania as well as western regions.