KDG snaps up Berlin cable network

15 Feb 2011

German cable operator Kabel Deutschland (KDG) has announced it has acquired 100% of the shares of Berlin cableco Berlin Mediahaus (BMH) from housing association GSW Immobilien (GSW). The in-house networks currently serve around 48,000 subscribers in Berlin, but within the next twelve months another 11,000 subscribers will gain access to the infrastructure. KDG will now be able secure direct access to the homes; formerly the networks were run by GSW and supplied with TV signals by KDG under a wholesale contract with BMH. Commenting on the deal, Adrian von Hammerstein, president of KDG, said: ‘The long-term good cooperation with the housing industry is of great importance to us. So I am very excited about the acquisition of BMH, which allows 60,000 households long-term access to our TV, internet and phone products.’ KDG had a total subscriber base of 8.846 million at 30 September 2010, of which 1.210 million were internet and telephony subscribers, up from 967,000 a year earlier.

Germany, Kabel Deutschland