Germany’s third-largest cable operator Tele Columbus wants to perform its planned IPO on the Frankfurt stock exchange in the first half of 2015 if market conditions allow the move.
At the IPO, both new shares from a capital increase as well as shares of current stakeholders will be listed. Tele Columbus expects to raise around €300 million through the capital increase.
The company wants to use the largest amount of the cash injection to reduce its debts and to gain more financial freedom for growth, for example through acquisitions.
Tele Columbus who confirmed its IPO plans in September 2014 serves around 1.7 million households with TV, internet and telephony.