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Tele Columbus to acquire PrimaCom for EUR 711 million

2015-07-16 11:00:00| Telecompaper Headlines

(Telecompaper) Tele Columbus Group announced an agreement to acquire PrimaCom for EUR 711 million. The deal brings together two of Germany's leading mid-tier cable operators. Tele Columbus said the combined company offers growth potential and enables scale efficiencies across the customer and network base. The merger should also support an acceleration in network and product development. The acquisition of PrimaCom will be financed through a combination of existing cash, a fully underwritten financing with senior and junior tranches and a EUR 125 million equity bridge loan. The transaction does not need regulatory approval and is expected to close at the end of July. Together the two operators have around 2.8 million homes connected. Based on 2014 figures, there combined annual revenues are EUR 345 million, and EBITDA reached EUR 154 million. 

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ISG Wins 24 Million Thames Valley Office Project

2015-07-16 06:02:42| econline Home Page

ISG has been awarded a complex £24 million office upgrade and extension project at ‘The Bower’ at Stockley Park near Heathrow

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Tele Columbus to buy PrimaCom for 711 million

2015-07-16 02:00:00| Total Telecom industry news

Deal due to close this month, bringing more consolidation to German cable market.

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Lobbyists bundle nearly a quarter million dollars for Jeb Bush

2015-07-16 01:17:16| Telecom - Topix.net

Republican presidential candidate and former Florida Governor Jeb Bush is having success raising money from lobbyists. Pictured here formally announcing his campaign for president during a kickoff rally in Miami, Florida June 15, 2015.

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More Than a Million People Are Getting Free Flights - and They Hate It

2015-07-15 20:43:39| Airlines - Topix.net

Packed planes make it harder than ever for current and former airline employees to use one of corporate America's biggest fringe benefits At the end of her Caribbean honeymoon, Sara Nelson planned a two-day jaunt-all the way to London. But the flight attendant and her husband ended up in Paris, opting for sightseeing instead of theater.

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