Kabel Deutschland plans $1 billion IPO

Germany's largest cable TV group, Kabel Deutschland hopes to raise $1 billion through an initial public offering of 45 million shares. Kabel, which serves more than 9 million subscribers in 13 of Germany's 16 federal states, said it expects existing shareholders to offer between 20 percent and 30 percent of the company's shares, giving it an equity value between $2.7 billion and $4 billion. U.S. private equity firm Providence Equity Partners, which holds an 88 percent stake of the company, will maintain a majority stake in the new public firm.

For more:
- see this article
- and this story

Related articles
Vodafone launches own brand phones; backs away from German cable bid
Top European IPTV drivers
KPN hits 90K IPTV subs, will stay the course

Suggested Articles

YouTube TV’s price hike gives cable operators breathing room to run the next big TV race, which will be fought and won on the TV UX battleground.

Charter Communications said it will add five “Latino targeted TV networks” to its Spectrum TV lineup.

Among pay TV subscribers and broadband-only subscribers, YouTube and Netflix were among the favorite services featured in makeshift video bundles.