German cable operator PrimaCom has acquired regional cable network DTK Deutsche Telekabel, increasing its footprint by about a third to 1.3 million households.
PrimaCom said the acquisition meant it was taking the leading role in consolidating regional German cable operators and delivering a counterweight to the country’s major players – Kabel Deutschland and Unitymedia KabelBW.
PrimaCom said it expected significant synergies from the acquisition.
CEO Joachim Grendel said that the move add 270,000 TV and fixed phone subscribers to its network in a single move and would strengthen PrimaCom’s position in the supply of services to the housing market, in which DTK Deutsche Telekabel is active.
Roland Steindorf, CEO of DTK Deutsche Telekabel, said that the deal brought together two companies with similar business models with a strong focus on the housing industry.
The latest acquisition follows PrimaCom’s purchase last year of Sy-Fra Antenna.
Register for @zattoo's webinar, TV as an app: a revolution in content consumption on March 17!… twitter.com/i/web/status/1…
27 February 2021 @ 15:00:00 UTC
DTVE: the week in view – Who wants @paramountplus? digitaltveurope.com/comment/who-wa… https://t.co/5iAp6DWyS7
27 February 2021 @ 13:00:00 UTC
ICYMI: @ATT takes huge DirectTV hit as it spins-off video businesses digitaltveurope.com/2021/02/26/att… https://t.co/zrOGOqUpIE
26 February 2021 @ 21:06:00 UTC
ICYMI: Wall Street mixed on @paramountplus digitaltveurope.com/2021/02/26/wal… https://t.co/6sNaiXvcnY
26 February 2021 @ 20:00:00 UTC
ICYMI: Sprint merger drives Deutsche Telekom beyond €100 billion in 2020 revenues digitaltveurope.com/2021/02/26/spr… https://t.co/MtNwC8GHdH
26 February 2021 @ 19:05:00 UTC
