Advanced Television

Investors circle Tele Columbus

August 5, 2011

German cable network operator Tele Columbus has found several investors to acquire the company, according to German press agency dpa.

The operator is the hands of more than 100 international creditors that acquired the company by dropping several hundreds of millions euros in debt during 2010. In the beginning of this year, they took the company in their own hands when a search for buyer failed. Now, it seems that a possible sale is going to take place. Tele Columbus is valued at between €600 and €700 million and talks are ongoing without any names being unveiled.

Tele Columbus is the fourth largest cable operator in Germany with 2.3 million households.

Categories: Articles, Business, Cable, M&A