Jörn Krieger ©RapidTVNews | 12-08-2011

The financial investor wanting to take over Germany’s fourth-largest cable operator Tele Columbus is Star Capital, reports Financial Times Deutschland.

The UK-based investment group purchased German cable operator Pepcom - which has 630.000 customers -one year ago. With 2.1 million customers, Tele Columbus would be a considerably heavier acquisition.

The cable company is in the hands of its creditors which took over ownership control in early 2011 in exchange for non-repayment of loans. The creditors are said to want to at least gain €600 million from a possible sale which corresponds with the cable company’s current debt.

A decision is expected within 3 months. Tele Columbus, Pepcom and Star Capital didn’t want to comment