Com Hem to list on Stockholm exchange
May 23, 2014 07.44 Europe/London By Julian Clover
TiVo Com HemCom Hem has announced plans to launch an initial public offering. The Swedish cablenet will be listed on the Stockholm Stock Exchange.
The IPO will primarily consist of new ordinary shares, which the company expects to raise around SEK 5.5 billion.
Last October Com Hem bolstered its offer with the launch of the TiVo advanced set-top; the arrival of Andrew Barron as executive chairman has been followed by the appointment of a number of other ex-Virgin Media staffers.
Anders Nilsson, CEO of Com Hem said: “We have in the past few years made significant investments in the network, new products and the operations, which will enable us to fully capture the potential of this company. Com Hem has the fastest broadband offering in 80 percent of our cable footprint, last year we launched the leading digital TV offering with TiVo in Sweden and we have made an accelerated entry into the B2B segment through the acquisition of Phonera Företag this year”
Andrew Barron, Chairman of Com Hem said: “We are excited about the future prospects of Com Hem as a public company given its well invested network and high quality products. We have assembled a strong and experienced management team to lead the Company on its journey to reach its full potential”
Com Hem is the largest cable operator in Sweden with approximately 1.83 million Swedish homes connected, representing 39% of total Swedish homes.