Kabel Deutschland Holding AG: Kabel Deutschland acquires Tele Columbus Group with 1.7 million customers

Kabel Deutschland Holding AG  / Key word(s): Mergers & Acquisitions

21.05.2012 08:00

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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Unterfoehring, May 21, 2012 - Today, Kabel Deutschland Holding AG ('Kabel
Deutschland') has entered into a purchase agreement with Tele Columbus GmbH
('Tele Columbus') to acquire the Tele Columbus Group. The purchase price
amounts to EUR603 million plus accrued interest. As of December 31, 2011,
this would have been equivalent to EUR618 million. The purchase price will
provide for repayment in full of the financial debt of Tele Columbus.

Tele Columbus, headquartered in Berlin, provides basic cable services to
approximately 1.7 million customers in 2.1 million homes connected and is
Germany's largest network level 4 cable operator. The company operates
predominantly in Berlin and in Eastern Germany including the cities of
Dresden, Magdeburg and Potsdam. The business of Tele Columbus overlaps to a
large extent with Kabel Deutschland's footprint. In the fiscal year 2011
Tele Columbus reported revenues of EUR218 million and an operating result
(EBITDA) of EUR81 million.

The transaction resolves to a large extent the separation of cable network
levels as is already the case in the footprints of Unitymedia in North
Rhine-Westfalia and Hesse and of Kabel BW in Baden-Wuerttemberg. Following
a successful closing of the acquisition, most of Tele Columbus' customers
will be able for the first time to subscribe to Kabel Deutschland's high
speed internet products and new TV services. Therefore, the transaction
will strengthen the existing broadband infrastructure competition in
Germany.

The acquisition is subject to the approval of the German Federal Cartel
Office.


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Language:     English
Company:      Kabel Deutschland Holding AG
              Betastraße 6-8
              85774 Unterföhring
              Germany
Phone:        +49 (0)89 960 100
Fax:          +49 (0)89 960 10 888
E-mail:       presse@kabeldeutschland.de
Internet:     www.kabeldeutschland.com
ISIN:         DE000KD88880
WKN:          KD8888
Indices:      MDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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