Private equity company Star Capital is looking to buy German cable operator Tele Columbus, according to local press.
FT Deutschland has reported that the UK-based group, which already owns German cable operator Pepcom, is in negotiations to buy Tele Columbus. Pepcom, which was acquired last year, has about 630,000 subscribers, while the much larger Tele Columbus serves 2.1 million households in eastern Germany, North Rhine-Westphalia and Hesse.
Tele Columbus is currently owned by US-based investors who waived loans of €400 million and invested €35 million of new capital.
According to FT Deutschland, a decision on the sale is expected within the next three months.
Separately, Tele Columbus has upgraded its network in the town of Vetschau in Brandenburg, bringing digital TV, high-speed internet and telephony to an additional 2,400 households.
21 September 2020 @ 19:30:00 UTC
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21 September 2020 @ 18:00:01 UTC