American players eye German cabler

Callahan, UPC, Kletsch in talks

BERLIN — A string of U.S. players have been short-listed by cable gatekeeper Deutsche Telekom (DT) for its coveted cable systems that are currently on the block.

DT has named three bidders who have made the final rounds for three of its nine regional cable systems. It will continue exclusive talks with this trio until the end of January.

American appetite

For the state of North Rhine Westphalia, DT is in talks with U.S. communications group Callahan. Dutch-based but U.S.-owned cable giant UPC, which has just acquired a minor stake in Germany’s fourth-largest cable operator, PrimaCom, is in negotiations for the state of Saarland. U.S. investor group Kletsch is negotiating for the state of Hesse.

DT is selling off 35% stakes in each of its nine regional cable systems, planning to maintain a 25.1% stake in each and to float the remaining 39.9%.

Other bidders include PrimaCom itself and a local bank consortium. Microsoft, Rupert Murdoch and local heavyweight Bertelsmann are interested in joining other bidding groups.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety