Kabel Deutschland to acquire Tele Columbus

Germany’s leading cable operator Kabel Deutschland (KDG) is to acquire Tele Columbus, according to a report in the Financial Times Deutschland.

The paper reports that KDG has beaten rivals including Deutsche Telekom to strike a deal for the indebted operator, citing unnamed sources. The price is not known but is estimated to be in the region of €600 million, corresponding to the amount the company owes to creditors including York Capital, Anchorage and Point Beach.