@Home buys cable network for USD17.8 million

27 Nov 2007

Dutch cableco Essent Kabelcom (@Home) is acquiring the local cable network in Brunssum for USD17.8 million, reports Telecompaper. The cable operator will assume management control from the local municipality from January 2008, following which it will upgrade the network to digital services by mid-2008. @Home has also agreed to retain the existing price structure of around EUR10.60 (USD15.70) per month for cable services when it takes over the network, but says it will bring this into line with its national rates of around EUR15 a month over the course of the year.