23.1.2013

Kabel Deutschland bietet Zusagenpaket für Zusammenschluss mit Tele Columbus an


Beachten Sie: Die vollständige Fassung dieser Mitteilung ist nur in englischer Sprache verfügbar.

  • Addressing FCO concerns in response to statement of objection
  • Sale of Tele Columbus network assets in Berlin, Dresden and Cottbus as remedies

Kabel Deutschland Holding AG (‘Kabel Deutschland’ or ‘The Company’) has submitted a remedy package for the planned Tele Columbus acquisition (‘TC Acquisition’) to the German Federal Cartel Office (‘FCO’). These remedies are intended to overcome the concerns of the FCO as expressed in the December 2012 statement of objection, especially regarding the housing association market for TV services.

Kabel Deutschland remains convinced that consumers and housing associations in Germany will in fact benefit from the proposed acquisition. As a result of the proposed acquisition, over 900 thousand households in Eastern Germany would obtain first-time access to high speed internet over cable. Thus, the proposed acquisition would contribute significantly to the broadband strategy of the German Government.

As a result of the transaction, Kabel Deutschland would in addition become active outside its current footprint by entering into competition for contracts with housing associations in North Rhine-Westphalia and Hesse.

The Company does not share the FCO’s concerns regarding the proposed acquisition. In order to overcome these concerns, Kabel Deutschland has nevertheless decided to offer the sale of certain network assets and corresponding housing association contracts of Tele Columbus. The FCO considers the sale of network assets to be the only appropriate remedy in the specific case of the TC Acquisition.

The remedy package offers to sell network assets of Tele Columbus in Berlin, Dresden and Cottbus with more than 430 thousand homes connected including the respective housing association contracts. These asset sales would reduce the size of the transaction of originally 2.1 million homes connected by approximately 20%. In terms of subscribers, the asset sales would amount to a reduction of roughly 330 thousand subscribers out of a total of 1.6 million subscribers.

The FCO has not decided on the remedy offer and will put it up for a ‘market test’.

Über Kabel Deutschland
Als größter deutscher Kabelnetzbetreiber bietet Kabel Deutschland (KD) ihren Kunden digitales und hochauflösendes (HDTV) sowie analoges Fernsehen, Video-on-Demand, Angebote rund um digitale Videorecorder, Pay TV, Breitband-Internet (bis zu 100.000 Kbit/s) und Telefon über das TV-Kabel sowie über einen Partner Mobilfunk-Dienste an. Das im MDAX notierte Unternehmen betreibt die Kabelnetze in 13 Bundesländern in Deutschland und versorgt rund 8,5 Millionen angeschlossene Haushalte. Zum 1. November 2012 beschäftigte Kabel Deutschland rund 3.500 Mitarbeiter. Das Unternehmen erzielte im Geschäftsjahr 2011/2012 einen Umsatz von rund 1.700 Mio. Euro, das bereinigte EBITDA lag bei rund 795 Mio. Euro.

Kontakt:

Kabel Deutschland Holding AG Investor Relations
Betastr. 6-8
85774 Unterfoehring
Germany
Elmar Baur
Direktor Investor Relations
+49 89 960 10 -187
elmar.baur(at)kabeldeutschland.de
Michael Frank
Senior Manager Investor Relations
+49 89 960 10 -142
michael.frank(at)kabeldeutschland.de
Eva Denker
Junior Managerin Investor Relations
+49 89 960 10 -151
eva.denker(at)kabeldeutschland.de
Astrid Adamietz
Assistentin Investor Relations
+49 89 960 10 -186
astrid.adamietz(at)kabeldeutschland.de

This Investor Relations release may contain forward-looking statements. These statements are based on management's current expectations or beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Although we believe that such forward-looking statements are reasonable, we cannot assure you that any forward-looking statements will prove to be correct. Such forward-looking statements are subject to a number of known and unknown risks, uncertainties and assumptions, which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks and uncertainties, the forward- looking events and circumstances discussed in this Investor Relations release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. Accordingly, investors are cautioned not to place undue reliance on the forward-looking statements.

This Investor Relations release may contain references to certain non-GAAP financial measures, such as Adjusted EBITDA and Capex, and operating measures, such as RGUs, ARPU, Unique subscribers pro forma calculation. These supplemental financial and operating measures should not be viewed in isolation as alternatives to measures of Kabel Deutschland’s financial condition, results of operations or cash flows as presented in accordance with IFRS in its Consolidated Financial Statements. The non-GAAP financial and operating measures used by Kabel Deutschland may differ from, and not be comparable to, similarly titled measures used by other companies. For further information please see in particular the Footnotes in this Investor Relations release and the financial statements.

We disclaim any obligation to publicly update or revise any forward-looking statements or other information contained in this Investor Relations release. It is pointed out that the present Investor Relations release may be incomplete or condensed, and it may not contain all material information concerning Kabel Deutschland Holding AG or the Kabel Deutschland group.

IR Kontakte