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

Charter said that over the next two years it will raise its minimum wage from $15 per hour to $20 per hour for all employees.

Altice USA is giving premium pay to its customer-interfacing employees during the coronavirus crisis, but not all cable technicians will qualify.

T-Mobile this week wrapped up the lengthy process of acquiring Sprint. With the deal done, the company may pick up where it left off on video.