A PYMNTS Company

Germany: Primacom on merger spree to consolidate cable market

By  |  October 23, 2013

Germany’s fourth-largest cable operator Primacom is reportedly seeking out merger deals in efforts to become pro-active in the nation’s market consolidation, say reports.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The company said it has already submitted bids for assets of Deutsche Telekabel and Tele Columbus. The company told reporters that it consists of “hunters, not hunted,” and confirmed the company was “ready to be a consolidator.”

    The industry in Germany was once one of Europe’s most fragmented until giants like Kabel Deutschland and Unitymedia restructured the market.

    Consolidation has continued recently, with Vodafone having finalized its $10 billion takeover of Germany’s top cable firm Kabel Deutschland last week.

    Full content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.