Danish telco TDC Group is reportedly mulling a bid for Swedish cable operator Com Hem as part of a Nordic expansion effort.
According to a Reuters report, TDC is in talks with banks about potential financing for the deal, which could value Com Hem at SEK11.7 billion (€1.26 billion).
Talks between the two companies to combine their assets started earlier this year, before Com Hem’s over-subscribed summer IPO, and have been “on and off since then,” said Reuters, citing two unnamed sources.
In September, TDC acquired Norwegian cable operator Get in a NOK 13.8 billion (€1.67 billion) deal, which TDC said will establish it as Scandinavia’s largest cable TV firm in terms of revenue.
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