KDG to bid for Tele Columbus?
March 26, 2012
German cable network operator Kabel Deutschland is weighing up competitor Tele Columbus as a potential takeover target, German newspaper FAZ has reported.
Kabel Deutschland are studying Tele Columbus’s accounts, the newspaper reports. Two years ago the company nearly collapsed under the burden of its debts but was able to continue following a partial debt waiver by its creditors.
After the German Federal Cartel Office’s decision to approve financial investor John Malone’s Liberty Global’s takeover of German cable-network operator Kabel Baden-Wuerttemberg, many expect further consolidation in the sector.