Ziggo valued at EUR7.3 billion

20 Oct 2010

Dutch cableco Zesko Holdings (Ziggo) is expected to complete the full integration of the three networks it acquired between 2005 and 2007 – Multikabel, Casema and @Home – ahead of a possible initial public offering (IPO) in 2011. Dutch newspaper Telecompaper says such a sale could value the group at around EUR7.3 billion (USD10.1 billion), compared with the EUR5.6 billion plus debt it paid out for the firms over the two-year period. No confirmation has been made on the IPO and the paper is unsure whether it would be Ziggo itself, or the holding company Zesko, that would be listed.

Netherlands