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.