Numericable readies IPO
Dominant French cable operator Numericable is preparing a stock market listing that could value the private equity-backed company at about €5 billion.
Numericable’s owners – Cinven, Carlyle and Altice Group, are seeking to ride a wave of investor interest in European cable operators.
Numericable covers 9.9 million homes, roughly one third of households in France, offering packages of pay-TV, Internet and fixed calls. Its Completel unit sells high-speed broadband to corporate clients.