Kabel Deutschland Buys Tele Columbus

UNTERFÖHRING: Kabel Deutschland is acquiring the Berlin-based Tele Colombus Group for a purchase price of 603 million euros ($769.5 million) plus accrued interest.

The price will provide repayment in full of the financial debt of Tele Colombus, a provider of basic cable services to approximately 1.7 million customers. The outfit operates predominantly in Berlin and in Eastern Germany. Its business overlaps to a large extent with Kabel Deutschland’s footprint.