Kabel Deutschland schließt Erwerb von Kabelnetzen der Orion Cable erfolgreich ab
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Kabel Deutschland (KDG), Germany’s largest cable based TV, Internet and Phone product provider, today closed on the Orion Cable transaction acquiring 1.1 million connected cable households. The Federal Cartel Office approved the transaction beginning of April 2008.
The purchase price amounted to approximately € 500 million. The acquisition was fully financed through an increase in KDG’s senior credit facility.
The transaction will increase KDG’s direct marketable customer base. A significant number of the acquired households will soon get access to KDG’s triple play products (Internet, Phone, digital TV, pay TV). Non upgraded networks will be largely upgraded for Internet and Phone in this fiscal year.