Home Com Hem to raise SEK 5.5 bln in IPO
 

Keywords :   


Com Hem to raise SEK 5.5 bln in IPO

2014-05-23 09:19:00| Telecompaper Headlines

(Telecompaper) Swedish cable operator Com Hem announced plans to list on the stock exchange in Stockholm and raise up to SEK 5.5 billion. The initial public offering will be mainly new shares, as well as some sold by its controlling shareholder BC Partners. The proceeds will be used to reduce debt and provide additional financial flexibility. Com Hem aims to reduce its net debt to 4.15 times adjusted EBITDA by mid-2014 and 3.5-4.0 times over the medium term. Com Hem is the largest cable operator in Sweden with approximately 1.83 million or 39 percent of Swedish homes connected. It claims second place on the country's broadband market and offers download speeds of up 500 Mbps across almost all its network. Since late 2013, it also offers the Tivo box to customers and recently acquired the B2B operator Phonera Foretag. 

Tags: in hem raise ipo

Category:Telecommunications

Latest from this category

All news

»
07.11UNL commits $5 million to better measure environmental impact of cattle
07.11US cuts interest rates as Trump election raises uncertainty
07.11The Lehigh Short Course Website is Now Open
07.11Carbon Trust Verifies Four BASF Intermediates
07.11Atlantic Tropical Weather Outlook
07.11Eastern North Pacific Tropical Weather Outlook
07.11Producers encouraged to attend Northern Plains Forage Association annual meeting
07.11Labelink acquires International Label & Printing
More »