The closing date for the second round of bids in Swedish cablenet Com Hem has been extended by a week to July 14.

Quoting people familiar with the situation, Dow Jones Newswires reported that CVC Capital partners have now pulled out of the process, with Cinven Group and Nordic Capital now planning a joint bid.

The 1.8 million-subscriber network is currently under the ownership of Carlyle and Providence Equity Partners who have reportedly placed a pricetag on the company of between SEK13 billion and SEK18 billion (€1.42 billion and €1.97 billion).

The original sale to the Wallenberg family’s EQT Partners for around SEK2 billion was followed two years later by the Carlyle/Providence for some SEK10 billion.

In the quarter to March 31, 2011, revenues rose 6% to SEK1,113 million (€123.32m) in the first quarter of 2011, compared to the same period last year. EBITDA improved by 20% and amounted to SEK503 million.