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Kabel Deutschland swings to loss due to takeover by Vodafone

2013-11-11 01:00:00| Total Telecom industry news

German cableco's numbers included negative income effect of 206 million from buyout by U.K. operator.

Tags: due loss deutschland kabel

 

Vodafone's Kabel Deutschland takeover is pretty much done and dusted

2013-10-14 14:31:18| Telecom - Topix.net

The British telecoms giant has paid $7.7 billion for 76.57 percent of Kabel Deutschland's share capital, making it a much stronger rival to Deutsche Telekom.

Tags: deutschland pretty kabel takeover

 
 

Vodafone completes Kabel Deutschland takeover offer

2013-10-14 13:51:00| Telecompaper Headlines

(Telecompaper) Vodafone announced that the voluntary public takeover offer for German cable network operator Kabel Deutschland has been completed. Vodafone now owns 76.57 percent of Kabel Deutschland's share capital. Vodafone will now enter into a domination and profit and loss transfer agreement with Kabel Deutschland in line with German Stock Corporation Law. This allows Vodafone to consolidate the company's results, while also agreeing rights and payments for minority shareholders. Vodafone announced in June the takeover bid, valuing the German cable operator at EUR 7.7 billion plus EUR 3 billion in debt.

Tags: offer deutschland kabel vodafone

 

Vodafone completes 7.7bn Kabel Deutschland deal

2013-10-14 02:00:00| Total Telecom industry news

German fixed-line market set for shake-up after Voda secures 76.57% of cableco.

Tags: deutschland deal kabel vodafone

 

Kabel Deutschland cuts FY sales growth outlook on slow Q1

2013-10-10 11:21:00| Telecompaper Headlines

(Telecompaper) German cable network operator Kabel Deutschland has released selected preliminary figures for its second quarter ending 30 September. The Internet & Phone business added 84,000 net subscribers in Q2, representing the strongest Q2 in recent years. Premium TV recovered after a soft Q1 following measures to stimulate demand and sales, adding 55,000 RGUs in the quarter. Premium TV performance in Q2 was affected by the churn of around 15,000 remaining Kabel BW pay-TV wholesale customers. Following a slowdown in Q1, revenue returned to growth in Q2 with a EUR 7 million quarter-on-quarter increase. Total revenues for Q2 reached EUR 471 million, up 4 percent from a year earlier, driven by the recovery in Premium TV and strong trends in the Internet & Phone business. However, given the shortfall in Q1 and based on a six-month review, it is now unlikely that revenue growth can be caught up for the full fiscal year. As a result, the management now expects revenue growth of 5-6 percent for the full year to end-March 2014, down from around 8 percent forecast previously.

Tags: sales deutschland growth slow

 

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