Unitymedia buys more cable ops

German co. pays $73.5 mill for PrimaCom cities

BERLIN — Regional cable group Unitymedia has agreed to pay e49 million ($73.5 million) for PrimaCom’s cable operations in the cities of Aachen and Wiesbaden, which serve about 100,000 subscribers.

The acquisition will increase the proportion of the company’s subscriber base with access to its Unity3play package, which includes digital TV, Internet and telephone services, to more than 95%.

The triple-play package will be available in Aachen and Wiesbaden once the cable systems there are upgraded at a cost of $10.5 million.

Unitymedia topper Parm Sandhu called the acquisition “another milestone” for the company.

“These cities are demographically attractive and the only ones of significant size in the Unitymedia cable footprint where the core network has not yet been upgraded … to provide broadband Internet and telephony services. We intend to rectify this quickly.”

The deal, which is subject to approval by Germany’s antitrust regulator, is expected to close this fall.

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:

WordPress.com Logo

You are commenting using your WordPress.com 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

Loading