Private equity groups buy Com Hem

Swedish risk capital group EQT has agreed to sell its Com Hem cable TV operation to the Carlyle Group and Providence Equity, in a deal rumoured to be worth EUR1 billion. Com Hem has around 1.4 million cable households, and claims to have invested SEK1 billion in its network. Providence Equity is part of the consortium that agreed last week to buy TDC for USD12 billion. It is also co-owner of Dutch cableco Casema, in partnership with Carlyle.