Multikabel changes hands

7 Oct 2005

The German cable operator PrimaCom is to sell off its Dutch subsidiary Multikabel in a EUR515 million deal. Its stake is being acquired by the private equity firm Warburg Pincus. The Dutch operator has around 315,000 TV customers, 130,000 broadband internet subscribers and 35,000 telephony customers on its networks in the north of the country. The deal, which is subject to approval from regulators, is expected to be completed next month.