PrimaCom eyes Tele Columbus

Jörn Krieger | 24-10-2013

German cable operator Tele Columbus is still up for sale and is attracting further interested parties.
In addition to financial investors, cable company PrimaCom has also submitted a takeover bid.

"We have placed offers both for Tele Columbus' activities in Berlin and for Deutsche Telekabel," Wolf Waschkuhn, member of PrimaCom's management board and supervisory board member, confirmed to news agency Reuters.
PrimaCom rates Tele Columbus' business in Berlin as highly profitable, but its networks in the western part of Germany as much less attractive. PrimaCom is also considering taking over Tele Columbus completely if the price corresponds with its expectations, the agency reports with reference to a person familiar with the negotiations.
Originally, Kabel Deutschland wanted to acquire Germany's fourth largest cable operator, which serves around 1.6 million customers, but the move was blocked by the Federal Cartel Office.