Kabel Deutschland Pays $787M For Struggling Cable Rival
Per the agreement, Kabel Deutschland will take care of all the existing debt held by Tele Columbus, the amount of which was not disclosed. The deal, pending approval from the German Federal Cartel Office, is expected to strengthen both companies' presence in the tightly dominated cable sector, they said.
"Our proposed merger with Kabel Deutschland is another step towards overcoming the...
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