Kabel Deutschland acquires minority interest in PrimaCom AG
Kabel Deutschland Vertrieb und Service GmbH & Co. KG has acquired approximately 3.8 million shares of PrimaCom AG. This equals approximately 18.6 percent of the outstanding shares of PrimaCom AG.
The investment was made to preserve Kabel Deutschland’s strategic options in relation to PrimaCom AG and in relation to the potential consolidation of the German cable TV market.
About Kabel Deutschland
Kabel Deutschland (KDG) operates cable networks in 13 German states and supplies its services to approximately 9 million connected TV households in Germany. Being Germany's largest cable network operator und biggest triple play provider, Kabel Deutschland develops and markets new triple play offers for digital TV, broadband Internet and telephone connection via cable. KDG offers an open digital TV platform for all program providers. The company operates the networks, markets cable connections and provides comprehensive services for all matters of cable connectivity. In fiscal year 2007/2008 (12 months ended March 31, 2008), Kabel Deutschland reported a total revenue of approx. EUR 1.2 billion, EBITDA amounted to EUR 457.8 million. The company has around 2,750 employees
Contact:
Investor Relations and Finance
Betastr. 6-8
85774 Unterfoehring
Germany
Insa Calsow
Director Investor Relations and Finance
Elmar Baur
Investor Relations Manager
Astrid Adamietz
Investor Relations and Finance Assistant
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